Ciena Corp (CIEN)
Days of inventory on hand (DOH)
| Nov 2, 2024 | Jul 27, 2024 | Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.80 | 2.43 | 2.30 | 2.52 | 2.39 | 2.01 | 2.10 | 1.88 | 2.19 | 2.54 | 3.88 | 4.28 | 5.07 | 4.75 | 4.38 | 4.66 | 5.44 | 5.27 | 5.65 | 5.37 | |
| DOH | days | 130.46 | 150.43 | 158.49 | 145.08 | 152.95 | 181.22 | 173.50 | 194.34 | 166.75 | 143.73 | 93.96 | 85.23 | 71.95 | 76.84 | 83.36 | 78.33 | 67.14 | 69.29 | 64.62 | 68.03 |
November 2, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.80
= 130.46
Days of Inventory on Hand (DOH) is a key financial ratio that measures the average number of days it takes for a company to sell its entire inventory. A lower DOH suggests that the company is efficiently managing its inventory levels and selling products quickly, while a higher DOH could indicate overstocking or slow sales.
Analyzing Ciena Corp's historical DOH data reveals fluctuations in its inventory management efficiency over time. The trend in DOH for Ciena Corp shows some variability, with peaks and troughs occurring at different points. For example, the company experienced a significant increase in DOH from 93.96 days in April 2022 to 181.22 days in July 2023, indicating a substantial slowdown in inventory turnover during that period.
Overall, Ciena Corp's DOH has shown some volatility, but it is essential to consider the context of the industry and company-specific factors when interpreting this ratio. Further analysis of inventory turnover, sales trends, and industry benchmarks would provide a more comprehensive understanding of Ciena Corp's inventory management performance.
Peer comparison
Nov 2, 2024