Extreme Networks Inc (EXTR)

Days of inventory on hand (DOH)

		Jun 30, 2025	Mar 31, 2025	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
Inventory turnover		4.20	3.94	3.33	3.13	3.48	2.68	3.56	5.62	6.26	7.57	8.09	9.68	9.80	12.60	12.26	13.43	12.90	9.16	7.94	7.39
DOH	days	86.88	92.73	109.50	116.52	105.01	136.09	102.47	64.91	58.26	48.22	45.12	37.69	37.25	28.98	29.77	27.18	28.29	39.86	45.95	49.38

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 reveals notable fluctuations and trends.

Initially, as of September 30, 2020, the DOH was approximately 49.38 days. Throughout the subsequent quarters, there was a steady decline, reaching a low of approximately 27.18 days as of September 30, 2021. This reduction indicates an improvement in inventory turnover, suggesting increased efficiency in inventory management or a shift in sales velocity.

Between late 2021 and mid-2022, the DOH stabilized somewhat, fluctuating around 28 to 38 days, but starting in the latter part of 2022, an upward trend emerges. By December 31, 2022, the DOH increased to approximately 45.12 days and continued to rise sharply in 2023, reaching around 136.09 days by March 31, 2024. This sharp escalation indicates a significant buildup in inventory levels, which may be attributable to strategic inventory accumulation, supply chain disruptions, or changes in sales demand.

From mid-2024 onward, the DOH decreased somewhat but remained elevated compared to earlier years, with values around 105.01 days as of June 30, 2024, and 116.52 days as of September 30, 2024. The subsequent quarters show a gradual reduction, reaching approximately 86.88 days by June 30, 2025.

Overall, the data reflects a period of inventory efficiency improvement during 2020 and early 2021, followed by a substantial increase in inventory levels starting in late 2022 and extending into 2024. The recent trend indicates ongoing efforts or circumstances leading to higher inventory holdings, which could be associated with strategic planning, supply chain adjustments, or market conditions impacting sales cycles.