Corsair Gaming Inc (CRSR)
Days of inventory on hand (DOH)
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.80 | 3.41 | 3.91 | 4.30 | 4.58 | 4.61 | 4.95 | 5.61 | 5.60 | 4.67 | 4.16 | 4.36 | 4.66 | 4.23 | 5.28 | 5.87 | 5.47 | 5.19 | 6.83 | 6.01 | |
| DOH | days | 95.97 | 107.16 | 93.44 | 84.95 | 79.72 | 79.18 | 73.72 | 65.08 | 65.22 | 78.21 | 87.83 | 83.64 | 78.32 | 86.30 | 69.14 | 62.23 | 66.69 | 70.34 | 53.48 | 60.76 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.80
= 95.97
Days of Inventory on Hand (DOH) is a crucial efficiency ratio that measures how many days, on average, a company holds inventory before selling it. For Corsair Gaming Inc, the trend in DOH shows fluctuations over the past few years.
From March 31, 2020, to September 30, 2021, DOH ranged between approximately 50 to 90 days, indicating variations in inventory management efficiency. There was a notable increase in DOH from September 30, 2021, to September 30, 2024, peaking at 107.16 days. This suggests Corsair might be holding inventory for a longer period, which could tie up working capital and potentially lead to higher carrying costs.
However, in the last quarter of 2024, DOH decreased to 95.97 days, indicating a potential improvement in inventory management. The company may have taken steps to streamline its inventory processes, leading to a more efficient use of resources.
Overall, Corsair Gaming Inc should continue monitoring its DOH to maintain an optimal balance between holding enough inventory to meet demand and minimizing excess stock to enhance liquidity and profitability in the long run.
Peer comparison
Dec 31, 2024