Cirrus Logic Inc (CRUS)

Days of inventory on hand (DOH)

		Mar 31, 2024	Dec 31, 2023	Sep 23, 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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Inventory turnover		4.61	4.50	3.49	3.94	5.24	7.64	6.87	6.26	7.47	6.34	4.84	4.37	4.70	4.35	2.71	2.92	3.97	5.44	5.13	5.08
DOH	days	79.18	81.04	104.54	92.60	69.68	47.75	53.11	58.35	48.89	57.54	75.41	83.59	77.67	83.97	134.62	124.92	91.93	67.07	71.19	71.89

March 31, 2024 calculation

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

The days of inventory on hand (DOH) for Cirrus Logic Inc have shown fluctuations over the past few quarters. In the most recent quarter ending March 31, 2024, the DOH was 79.18 days, indicating a slight decrease from the previous quarter. This could suggest that the company has been managing its inventory more efficiently.

Looking further back, the DOH has been erratic, with peaks observed in some quarters such as September 30, 2020, and December 31, 2020. These higher DOH values may indicate potential issues with inventory management, such as overstocking or slower inventory turnover.

On the other hand, lower DOH values, like those seen in December 31, 2022, and September 30, 2022, suggest that Cirrus Logic Inc was able to sell its goods faster and potentially generate cash more efficiently.

Overall, analyzing the trend of DOH for Cirrus Logic Inc can provide insights into the company's inventory management practices and operational efficiency, which are crucial factors in assessing the company's financial health and performance.