Dayforce Inc. (DAY)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 0.18 | 0.18 | 0.13 | — | |
| DOH | days | — | 1,975.63 | 2,011.62 | 2,737.79 | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Dayforce Inc. has shown a decreasing trend from 2,737.79 days in 2021 to 1,975.63 days in 2022. This indicates that the company has been managing its inventory more efficiently, reducing the number of days it takes to sell its inventory. However, the specific DOH data for 2020 and 2019 are not available for a complete analysis. It is important to further investigate the reasons behind this improving trend in order to assess the effectiveness of Dayforce Inc.'s inventory management strategies in generating sales and controlling costs.
Peer comparison
Dec 31, 2023