Ciena Corp (CIEN)
Days of inventory on hand (DOH)
| 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 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 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 | 7.45 | 7.05 | 6.74 | |
| DOH | days | 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 | 49.01 | 51.79 | 54.12 |
January 27, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.52
= 145.08
The Days of Inventory on Hand (DOH) for CIENA Corp. have shown fluctuations over the past eight quarters. In Q1 2024, the company had 145.08 days of inventory on hand, indicating a slight decrease from the previous quarter's 152.95 days. The DOH peaked at 194.34 days in Q1 2023 and has since exhibited a downward trend, suggesting more efficient inventory management.
It is worth noting that in Q2 2022, CIENA Corp. had the lowest DOH of 93.96 days, indicating strong inventory control and possibly effective demand forecasting. However, in Q3 2023, the DOH rose significantly to 181.22 days, which may imply challenges in inventory turnover and potential issues with inventory obsolescence or excess stock.
Overall, monitoring the DOH trend over time can provide insights into CIENA Corp.'s inventory management efficiency, operational performance, and potential risks related to working capital management.
Peer comparison
Jan 27, 2024