Flex Ltd (FLEX)

Days of inventory on hand (DOH)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Inventory turnover		4.14	3.96	3.82	6.01	6.34
DOH	days	88.24	92.20	95.52	60.73	57.56

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.14
= 88.24

Based on the data provided, Flex Ltd's days of inventory on hand (DOH) has shown a fluctuating trend over the past five years.

In Mar 2024, Flex Ltd had an average of 88.24 days worth of inventory on hand, which decreased from 92.20 days in Mar 2023 and 95.52 days in Mar 2022. This indicates that the company may have improved its inventory management efficiency by reducing the number of days it takes to sell its inventory.

However, in Mar 2021 and Mar 2020, Flex Ltd saw lower DOH figures of 60.73 days and 57.56 days respectively. It is worth noting that a lower DOH value suggests that the company was able to turn its inventory into sales more quickly during these periods.

Overall, Flex Ltd's inventory management performance has shown improvement in recent years, as evidenced by the decreasing trend in DOH. The company seems to have been more effective in managing its inventory levels and optimizing its supply chain operations.