CleanSpark Inc (CLSK)
Days of inventory on hand (DOH)
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 121.59 | 157.17 | 196.10 | 148.01 | 126.45 | 158.72 | 267.88 | 417.73 | — | 18.03 | 10.86 | 140.69 | 1.29 | 8.11 | 30.03 | 31.73 | — | |
| DOH | days | — | — | — | 3.00 | 2.32 | 1.86 | 2.47 | 2.89 | 2.30 | 1.36 | 0.87 | — | 20.24 | 33.60 | 2.59 | 283.85 | 45.01 | 12.15 | 11.50 | — |
March 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The analysis of CleanSpark Inc.'s days of inventory on hand (DOH) over the specified periods reveals notable fluctuations. Early in the reporting timeframe, notably on June 30, 2020, DOH data is unavailable, suggesting either an absence of inventory or unreported figures. By September 30, 2020, the company maintained approximately 11.50 days of inventory, which slightly increased to 12.15 days by December 31, 2020, indicating a relatively stable inventory holding period during this initial phase.
A significant increase occurred by March 31, 2021, when DOH sharply rose to 45.01 days, implying a substantial buildup of inventory which may correspond to inventory ramp-up ahead of product launches or strategic stockpiling. This heightened level was short-lived; by June 30, 2021, DOH surged dramatically to 283.85 days, signaling potential overstocking, inventory obsolescence concerns, or operational inefficiencies. Subsequently, a rapid decline ensued, and by September 30, 2021, DOH decreased sharply to 2.59 days, indicating a rapid reduction in inventory levels, possibly due to inventory write-downs, sales acceleration, or streamlining efforts.
The trend of relatively low DOH continued through the end of 2021 and into 2022, with values ranging from around 1.36 to 33.60 days, reflecting improved inventory management and shorter holding periods. Specifically, as of September 30, 2022, DOH reached a low of 0.87 days, further illustrating efficient inventory turnover during this period. Slight fluctuations persisted through 2023, with DOH values generally between approximately 1.86 and 2.89 days, indicating consistent, high inventory turnover.
In the most recent quarters, the data shows stable inventory turnover, with values of 2.30 days as of March 31, 2023, and 2.89 days as of June 30, 2023. The figures from September 2023 onward continue this trend, with DOH remaining near 2.5 days, demonstrating continued efficient inventory management. The upcoming periods lack data, limiting further interpretation.
Overall, the company's DOH trajectory reflects periods of inventory accumulation, notably in early 2021, followed by rapid streamlining and consistent, short inventory cycles in subsequent periods, indicative of effective inventory management strategies during the latter years.
Peer comparison
Mar 31, 2025