Cogent Communications Group Inc (CCOI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | 7.56 | 6.02 | 4.56 | 4.38 | 4.16 | 6.01 | 7.49 | 25.11 | 73.06 | — | — | — | — | — | — | |
| DOH | days | — | — | — | — | — | 48.25 | 60.67 | 80.02 | 83.40 | 87.75 | 60.77 | 48.76 | 14.54 | 5.00 | — | — | — | — | — | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Cogent Communications Group Inc have shown fluctuations in recent quarters.
From September 2021 to December 2022, the DOH increased significantly from 5.00 days to 83.40 days, indicating that the company was holding inventory for a longer period during these quarters.
The trend reversed in the following periods, with the DOH decreasing to 48.25 days by September 2023. This decline suggests that the company might have improved its inventory management efficiency during this period, leading to a shorter time frame for which inventory is held.
Overall, it is important for the company to closely monitor its inventory levels and strive to strike a balance between holding adequate inventory to meet demand and minimizing the costs associated with excess inventory.
Peer comparison
Dec 31, 2024