Extreme Networks Inc (EXTR)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019
Inventory turnover		6.81	5.23	6.54	10.07	11.09	13.36	14.28	17.07	17.38	22.40	22.06	24.44	23.64	16.79	14.87	13.94	13.12	13.01	10.87	10.16
DOH	days	53.63	69.74	55.82	36.25	32.91	27.32	25.56	21.39	21.00	16.29	16.54	14.94	15.44	21.74	24.55	26.18	27.81	28.06	33.59	35.94

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.81
= 53.63

The days of inventory on hand (DOH) for Extreme Networks Inc have shown some fluctuations over the past few quarters.

From December 2019 to September 2020, there was a gradual increase in the DOH from 33.59 days to 35.94 days. However, from September 2020 to June 2021, there was a significant decrease in the DOH to 21.74 days, followed by a slight increase in the next quarter to 24.55 days.

The trend reversed in the subsequent quarters, with the DOH increasing to 69.74 days by March 2024. This suggests that Extreme Networks Inc may have been carrying more inventory relative to its sales during this period, which can tie up capital and impact liquidity.

Overall, the DOH for Extreme Networks Inc has shown variability, and it would be essential for the company to monitor and manage its inventory levels effectively to optimize working capital and improve operational efficiency.