DoorDash, Inc. Class A Common Stock (DASH)

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
Inventory turnover		—	—	—	—	12.31	12.89	11.36	13.97	13.43	8.14	—	—	—	—	—	—	—	—	—
DOH	days	—	—	—	—	29.65	28.32	32.13	26.13	27.18	44.86	—	—	—	—	—	—	—	—	—

March 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The analysis of DoorDash, Inc. Class A Common Stock's days of inventory on hand (DOH) reveals a notable transition from periods where the DOH data was unavailable or indicated non-applicability, to more recent figures that demonstrate specific inventory management metrics. Up to the end of 2021, the company did not report measurable inventory days, which may suggest that inventory was negligible, not a significant component of operations, or not tracked explicitly during those periods.

Starting in December 2022, the DOH was reported as approximately 44.86 days. This figure decreased significantly to approximately 27.18 days in March 2023, indicating improved efficiency or a shift in how inventory is managed. The trend continued with a slight decrease to approximately 26.13 days in June 2023, followed by a modest increase to approximately 32.13 days in September 2023, suggesting minor fluctuations in inventory holdings over this period.

The data for December 2023 indicates a DOH of approximately 28.32 days, maintaining a relatively consistent level with prior observed figures. The subsequent quarter showed a slight increase to approximately 29.65 days in March 2024. Several periods lack data, which precludes a continuous trend analysis beyond this point.

Overall, the observed DOH figures reflect that DoorDash's inventory management has stabilized at around 26 to 33 days from late 2022 through early 2024. The variations within this range may be attributable to seasonal factors, strategic changes in inventory handling, or shifts in demand and supply chain dynamics. The initial absence of data prior to late 2022 suggests that inventory management was not a primary focus or that the company's operations did not involve significant inventory during earlier periods.