F5 Networks Inc (FFIV)

Days of inventory on hand (DOH)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Inventory turnover		22.15	51.09	26.20	80.99	55.97
DOH	days	16.48	7.14	13.93	4.51	6.52

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 22.15
= 16.48

F5 Networks Inc's days of inventory on hand (DOH) has shown fluctuations over the past five years. The DOH measures the average number of days it takes for the company to sell its inventory.

In 2024, the DOH increased to 16.48 days, indicating that the company took longer to sell its inventory compared to the previous year. This could potentially signal inefficiencies in managing inventory or a slowdown in sales.

In 2023, the DOH was at 7.14 days, a significant decrease from the previous year, suggesting that the company managed to sell its inventory faster, which can be a positive sign of efficient inventory management.

In 2022, the DOH increased to 13.93 days, indicating a slower inventory turnover compared to 2021. This could be a cause for concern as it may suggest excess inventory or challenges in selling products.

In 2021, the DOH was at 4.51 days, which was significantly lower compared to the previous year. This suggests a faster turnover of inventory and efficient management of stock levels.

In 2020, the DOH was at 6.52 days, slightly higher than the previous year but still relatively low, indicating efficient inventory management.

Overall, the fluctuation in F5 Networks Inc's DOH over the years highlights the importance of monitoring inventory turnover to ensure optimal management of stock levels and efficient operations.