Dayforce Inc. (DAY)

Days of inventory on hand (DOH)

		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	Jun 30, 2020	Mar 31, 2020
Inventory turnover		—	—	—	—	0.17	0.17	0.19	0.13	0.18	—	—	—	0.18	0.11	0.18	0.12	0.13	0.18	0.18	0.13
DOH	days	—	—	—	—	2,116.85	2,198.32	1,902.25	2,893.03	1,975.63	—	—	—	2,011.62	3,268.72	2,079.97	3,006.71	2,737.79	1,979.93	2,049.46	2,846.30

December 31, 2024 calculation

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

Dayforce Inc.'s Days of Inventory on Hand (DOH) fluctuated over the period from March 31, 2020, to December 31, 2024. The company's DOH ranged from a low of 1,902.25 days on June 30, 2023, to a high of 3,268.72 days on September 30, 2021. A lower DOH indicates that the company is selling inventory more quickly, which can be a positive sign of efficient inventory management.

On the other hand, a higher DOH means that the company is holding onto inventory for a longer time, which may tie up capital and lead to potential obsolescence or decreased profitability. It is worth noting that on certain dates, the DOH data is not available (indicated by "— days"), which may be due to missing or incomplete information for those periods.

For Dayforce Inc., monitoring and analyzing the trend in DOH can provide valuable insights into the company's inventory management efficiency, production planning, and potential risks related to inventory levels. Further analysis and comparison with industry benchmarks or historical data may help evaluate the effectiveness of the company's inventory management strategies and identify areas for improvement.