CleanSpark Inc (CLSK)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 172.18 | 380.34 | 330.56 | 31.89 | |
| DOH | days | — | 2.12 | 0.96 | 1.10 | 11.45 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The analysis of CleanSpark Inc.'s days of inventory on hand (DOH) over the specified periods reveals significant fluctuations. As of September 30, 2020, the company maintained an inventory turnover period of approximately 11.45 days, indicating a relatively extended duration to clear inventory. This figure markedly decreased by September 30, 2021, to roughly 1.10 days, reflecting a substantial improvement in inventory management efficiency. The downward trend continued into 2022, with DOH reducing further to approximately 0.96 days, suggesting a rapid inventory turnover and effective supply chain operations during that period. For the fiscal year ending September 30, 2023, DOH increased slightly to about 2.12 days, indicating a minor elongation in inventory holding periods but remaining considerably low relative to 2020 levels. The data for September 30, 2024, is not available, rendering it impossible to assess the most recent inventory management performance. Overall, the pattern indicates that CleanSpark has substantially optimized its inventory turnover over recent years, achieving notably shorter inventory holding periods, which can be associated with improved operational efficiencies and potentially better liquidity management.
Peer comparison
Sep 30, 2024