Cirrus Logic Inc (CRUS)

Days of inventory on hand (DOH)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Inventory turnover		4.61	5.24	7.47	4.70	5.47
DOH	days	79.18	69.68	48.89	77.67	66.79

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.61
= 79.18

Cirrus Logic Inc's days of inventory on hand (DOH) has shown fluctuations over the past five years. In 2024, the company had an inventory holding period of approximately 79.18 days, which represents an increase from the previous year's 69.68 days. This implies that Cirrus Logic held its inventory for a longer period in 2024 compared to 2023.

Looking further back, the company's DOH was significantly lower in 2022 at 48.89 days, reflecting a much shorter inventory holding period. However, in 2021, there was a notable increase to 77.67 days, indicating that Cirrus Logic held its inventory for a longer period that year. Similarly, in 2020, the company's DOH was 66.79 days, showing a slight decrease compared to 2021.

Overall, the trend in Cirrus Logic's DOH suggests some variability in the efficiency of managing its inventory levels over the years. A higher DOH can indicate slower inventory turnover and potential liquidity concerns, while a lower DOH may signal stronger inventory management. It is essential for the company to closely monitor and optimize its inventory levels to enhance operational efficiency and financial performance.