ExlService Holdings Inc (EXLS)

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		—	42.63	—	—	—	416.28	284.43	227.91	249.11	25.81	26.30	22.57	—	20.24	15.78	16.09	29.86	22.47	41.87	21.03
DOH	days	—	8.56	—	—	—	0.88	1.28	1.60	1.47	14.14	13.88	16.17	—	18.03	23.12	22.69	12.22	16.24	8.72	17.36

December 31, 2024 calculation

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

The Days of Inventory on Hand (DOH) for ExlService Holdings Inc has shown fluctuations over the years based on the provided data. The company's inventory management efficiency can be assessed through the DOH ratio, which indicates the average number of days it takes for the company to sell its inventory.

Analyzing the trend, we observe that the DOH decreased from 17.36 days as of March 31, 2020, to 8.72 days by June 30, 2020, indicating a significant improvement in inventory turnover during this period. However, the trend reversed as the DOH increased to 22.69 days by March 31, 2021, and continued to rise to 23.12 days by June 30, 2021, suggesting a potential slowdown in inventory turnover.

Subsequently, there was a notable decline in DOH to 1.47 days by December 31, 2022, and further down to 0.88 days by September 30, 2023. These extremely low DOH figures may indicate efficient inventory management or possibly depletion of inventories due to increased demand or production.

It is worth noting that there are instances where the DOH data points are not available (denoted by "— days"), which may be due to various reasons such as data unavailability or changes in reporting practices.

In the most recent data available, the DOH is at 8.56 days as of September 30, 2024, which shows a slight increase compared to the preceding quarters. Further analysis and comparison with industry benchmarks would provide more insights into the company's inventory management effectiveness and operational efficiency.