ExlService Holdings Inc (EXLS)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		—	249.11	26.82	39.06	38.89
DOH	days	—	1.47	13.61	9.34	9.39

December 31, 2023 calculation

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

Based on the available data for ExlService Holdings Inc, the days of inventory on hand (DOH) for the past five years are not provided. Unfortunately, without specific values for each year, it is not possible to calculate or analyze the trend in the company's efficiency in managing its inventory.

Days of inventory on hand is a crucial ratio that measures how many days, on average, a company holds onto its inventory before selling it. A decreasing trend in this ratio typically indicates that a company is selling its inventory faster, which could be a positive sign of efficiency.

Conversely, an increasing trend in DOH may imply potential issues such as overstocking or slowing sales, which could tie up capital and lead to higher holding costs.

To provide a more in-depth analysis and insights into ExlService Holdings Inc's inventory management efficiency, it would be essential to have the specific DOH values for each year to track the trend over time and compare it to industry benchmarks and the company's historical performance.