Godaddy Inc (GDDY)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 3.11 2.98 2.74
DOH days 117.21 122.52 133.42

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Godaddy Inc have shown a decreasing trend over the past few years. In 2020, the DOH was 133.42 days, which decreased to 122.52 days in 2021 and further declined to 117.21 days in 2022. However, no data is available for 2023 and 2024.

The decreasing trend in DOH indicates that Godaddy Inc has been more efficient in managing its inventory levels over the given period. A lower DOH suggests that the company is selling its inventory at a faster pace, which can lead to lower carrying costs and better liquidity. It also reflects effective inventory management practices and potentially improved demand forecasting.

It would be important for Godaddy Inc to continue monitoring its inventory levels closely to ensure optimal balance between stocking enough inventory to meet demand and minimizing the costs associated with excess inventory. Further analysis and comparison with industry peers can provide additional insights into the company's inventory management efficiency.