Extreme Networks Inc (EXTR)

Days of inventory on hand (DOH)

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Inventory turnover		4.20	3.45	6.26	9.80	12.90
DOH	days	86.88	105.84	58.26	37.25	28.29

June 30, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.20
= 86.88

The analysis of Extreme Networks Inc.'s days of inventory on hand (DOH) over the specified periods indicates a notable upward trend in inventory holding periods. As of June 30, 2021, the company maintained an average of approximately 28.29 days of inventory. This figure expanded significantly by June 30, 2022, reaching 37.25 days, representing an increase of roughly 31.63%. The upward trajectory continued in the subsequent year, with DOH escalating to 58.26 days as of June 30, 2023, more than doubling the 2021 figure and reflecting a substantial growth of approximately 56.22%.

The escalation persisted into the following year, with the inventory period peaking at 105.84 days on June 30, 2024. This represents an almost 82% increase from the 2023 level and signifies a marked expansion in inventory holdings. However, a slight contraction is observed in the subsequent year, with DOH decreasing to 86.88 days as of June 30, 2025. Despite this decrease, the inventory holding period remains significantly elevated compared to earlier years.

Overall, the sharp increase in DOH from 2021 through 2024 suggests a trend of inventory accumulation that may be indicative of strategic shifts, inventory management inefficiencies, or changes in product demand and supply chain dynamics within that period. The partial reduction in 2025 could imply efforts to optimize inventory levels, though the overall trend reflects periods of prolonged inventory holding.