Flex Ltd (FLEX)

Days of inventory on hand (DOH)

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Inventory turnover		4.66	3.96	3.59	3.47	5.76
DOH	days	78.25	92.25	101.66	105.09	63.36

March 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.66
= 78.25

The days of inventory on hand (DOH) for Flex Ltd have fluctuated over the past five years. In March 2021, the DOH was at 63.36 days, indicating the company held inventory for about two months before selling it. However, this metric increased significantly to 105.09 days by March 2022, suggesting a potential slowdown in inventory turnover.

Subsequently, by March 2023, the DOH decreased slightly to 101.66 days, but still remained at elevated levels compared to the initial period. The trend continued to March 2024, with the DOH further declining to 92.25 days, signaling a possible improvement in inventory management efficiency.

In the most recent period ending March 31, 2025, the DOH decreased to 78.25 days, which indicates a more efficient utilization of inventory compared to the prior year. Overall, Flex Ltd seems to have made progress in optimizing its inventory holding levels, as reflected in the downward trend of the DOH from 2022 to 2025. Further monitoring of this metric will be essential to ensure continued improvement in inventory management practices.