Digi International Inc (DGII)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		2.81	2.59	2.29	2.27	2.26	2.35	2.62	2.94	2.82	3.23	2.99	2.68	2.48	2.62	2.88	3.09	2.84	3.40	3.24	3.07
DOH	days	129.95	140.96	159.59	160.51	161.24	155.44	139.26	123.99	129.49	112.92	122.22	136.35	147.42	139.12	126.78	118.01	128.59	107.38	112.75	118.97

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.81
= 129.95

The days of inventory on hand (DOH) for Digi International, Inc. have shown a fluctuating trend over the past few quarters. The DOH ranged from a low of 128.18 days in Q2 2022 to a high of 165.77 days in Q1 2023.

In the most recent quarter, Q1 2024, the DOH was 132.61 days, indicating that the company has slightly reduced the number of days it holds inventory compared to the previous quarter, Q4 2023, where the DOH was 143.92 days.

Overall, the company's DOH figures suggest that Digi International may be managing its inventory efficiently by keeping it at an optimal level to meet demand without experiencing excess holding costs. However, further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the effectiveness of the company's inventory management practices.