Dayforce Inc. (DAY)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	0.21	0.18	0.18	0.13
DOH	days	—	1,761.02	1,975.63	2,011.62	2,737.79

December 31, 2024 calculation

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

Days of inventory on hand (DOH) is a financial ratio that indicates the average number of days a company holds its inventory before it is sold. A lower DOH value generally implies that the company is efficiently managing its inventory levels and turning over its inventory more quickly.

Analyzing the trend in Dayforce Inc.'s DOH over the years reveals a positive trend. The DOH decreased from 2,737.79 days as of December 31, 2020, to 1,761.02 days as of December 31, 2023. This downward trend indicates that Dayforce Inc. has improved its inventory management efficiency and is selling its inventory at a faster rate.

The most recent data for December 31, 2024, shows that the DOH value is not available, which could be due to various reasons such as data unavailability or calculation issues.

Overall, the decreasing trend in Dayforce Inc.'s DOH suggests that the company has been effective in optimizing its inventory management practices over the years, ensuring better control over inventory levels and potentially leading to improved operational performance and profitability. Continued monitoring of the DOH ratio will be important to assess the company's ongoing efforts in managing its inventory efficiently.