Godaddy Inc (GDDY)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		—	5.60	5.57	5.42	5.04
DOH	days	—	65.21	65.56	67.37	72.48

December 31, 2023 calculation

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

The days of inventory on hand (DOH) ratio for Godaddy Inc for the past five years is not provided in the table. The DOH ratio is a measure of how many days, on average, a company holds onto its inventory before it is sold. A lower DOH indicates that a company is selling its inventory quickly and efficiently, while a higher DOH may imply that the company is struggling to move its inventory.

Without the specific values for each year, it is challenging to analyze the trend of Godaddy Inc's DOH ratio over time. However, it is generally recommended for companies to aim for a lower DOH to prevent excess holding costs and ensure that inventory is being effectively converted into sales.

Analyzing the DOH ratio in conjunction with other liquidity and efficiency ratios can provide a more comprehensive picture of Godaddy Inc's inventory management practices and overall operational performance. The trend of the DOH ratio over the years would shed light on the company's inventory turnover and efficiency in managing its inventory levels.