DigitalOcean Holdings Inc (DOCN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Inventory turnover | — | — | — | |
| DOH | days | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
To analyze DigitalOcean Holdings Inc's days of inventory on hand (DOH) across the years provided, we first need the inventory turnover ratio. The formula for calculating DOH is 365 days divided by the inventory turnover ratio. Unfortunately, without the inventory turnover ratio figures for the years 2021, 2022, and 2023, we cannot determine the days of inventory on hand for this company.
DOH is a crucial metric that helps assess a company's inventory management efficiency. A lower DOH indicates that the company's inventory turnover is high, meaning it is selling its inventory quickly. Conversely, a higher DOH suggests slower inventory turnover, which may lead to increased holding costs and risks of obsolescence.
To provide a detailed analysis of DigitalOcean Holdings Inc's DOH, we would require additional data such as the cost of goods sold and average inventory levels for the respective years mentioned. Once this information is available, a thorough assessment of the company's inventory management efficiency can be conducted.
Peer comparison
Dec 31, 2023