Fortinet Inc (FTNT)

Days of inventory on hand (DOH)

		Dec 31, 2024	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
Inventory turnover		3.67	3.27	3.17	2.81	2.55	2.61	3.15	3.76	4.10	4.71	4.84	4.77	4.45	4.06	4.34	4.00	4.08	4.04	4.19	4.97
DOH	days	99.48	111.58	115.28	129.99	143.03	140.03	116.01	97.01	89.02	77.53	75.47	76.55	81.95	89.97	84.16	91.33	89.52	90.33	87.04	73.48

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.67
= 99.48

The days of inventory on hand (DOH) for Fortinet Inc have shown some fluctuations over the quarters. DOH provides an indication of how long a company holds inventory before selling it. Looking at the trend, we observe that DOH increased from March 31, 2020, to a peak of 143.03 days on December 31, 2023, before declining.

From March 31, 2020, to September 30, 2021, DOH generally increased, indicating a longer inventory holding period. However, from March 31, 2021, to June 30, 2024, there was a mix of increases and decreases in DOH.

The highest DOH was observed on December 31, 2023, and the lowest on June 30, 2022. The latest available data as of December 31, 2024, shows DOH at 99.48 days, which indicates a decrease in the time it takes for Fortinet Inc to convert its inventory into sales.

Overall, the trend in DOH suggests varying efficiency in managing inventory levels over the quarters, with potential implications for working capital management and profitability. Further analysis and comparison with industry benchmarks would provide more insights into Fortinet Inc's inventory management strategies.