Corsair Gaming Inc (CRSR)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Inventory turnover | 4.58 | 5.60 | 4.66 | 5.47 | |
| DOH | days | 79.72 | 65.22 | 78.32 | 66.69 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.58
= 79.72
The Days of Inventory on Hand (DOH) ratio for Corsair Gaming Inc has shown some fluctuation over the past five years. In 2019, the company had 63.17 days of inventory on hand, which increased to 66.69 days in 2020. Subsequently, the ratio further increased to 78.32 days in 2021 before decreasing to 65.22 days in 2022. However, by the end of 2023, the DOH ratio had risen again to 79.72 days.
Overall, the increasing trend in the DOH ratio from 2020 to 2023 indicates that Corsair Gaming Inc may be taking longer to sell its inventory, which could potentially lead to higher carrying costs and liquidity challenges. It is imperative for the company to assess its inventory management practices to optimize its working capital and improve operational efficiency.
Peer comparison
Dec 31, 2023