F5 Networks Inc (FFIV)

Days of inventory on hand (DOH)

		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	Dec 31, 2019
Inventory turnover		22.15	21.29	24.86	49.42	51.00	40.85	36.28	30.56	26.20	40.66	63.62	88.26	80.99	75.17	67.57	59.19	54.38	51.83	47.13	42.41
DOH	days	16.48	17.14	14.68	7.39	7.16	8.93	10.06	11.94	13.93	8.98	5.74	4.14	4.51	4.86	5.40	6.17	6.71	7.04	7.74	8.61

September 30, 2024 calculation

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

The Days of Inventory on Hand (DOH) for F5 Networks Inc have shown some fluctuations over the past few quarters. In the most recent quarter of September 30, 2024, the company had 16.48 days of inventory on hand, which was slightly lower compared to the previous quarter of June 30, 2024 (17.14 days). This decrease in DOH could indicate better inventory management efficiency.

Looking further back, there was a significant increase in DOH from 5.74 days in March 31, 2022, to 14.68 days in March 31, 2024. This rise may suggest potential challenges in managing inventory levels or changes in demand patterns.

It is also worth noting the seasonal nature of inventory levels, with typically higher DOH at the end of the calendar year and lower levels in the first half of the year. This could be attributed to holiday season sales and inventory planning.

Overall, the trend in F5 Networks Inc's DOH indicates some variability in inventory management practices and may require further investigation into factors influencing inventory turnover and supply chain efficiency.