Godaddy Inc (GDDY)

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		—	3.48	—	—	—	3.30	3.29	3.14	3.11	3.39	3.33	3.28	2.98	2.86	2.72	2.72	2.74	2.73	2.57	2.58
DOH	days	—	104.93	—	—	—	110.50	110.86	116.26	117.21	107.58	109.70	111.28	122.52	127.63	134.09	134.35	133.42	133.63	142.19	141.21

December 31, 2024 calculation

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

Days of Inventory on Hand (DOH) is a measure that indicates how many days, on average, a company holds inventory before selling it. Lower DOH values suggest more efficient inventory management, while higher values may indicate potential issues with excess inventory or slow-moving products.

Analyzing the data for Godaddy Inc, we see a fluctuating trend in DOH over the years. From March 31, 2020, to December 31, 2021, the DOH ranged from around 111 to 142 days, with a slight decreasing trend towards the end of the period. This suggests that Godaddy was holding inventory for a shorter period on average during this timeframe.

From March 31, 2022, to September 30, 2023, the DOH continued to decrease, reaching a low of around 110 days. This downward trend indicates improved inventory turnover efficiency during this period. However, it's worth noting that the DOH data is not available for December 31, 2023, indicating a potential gap in the analysis.

As of September 30, 2024, the DOH stands at 104.93 days, showing a further decrease in inventory holding period. This suggests that Godaddy has been managing its inventory more effectively, potentially leading to lower carrying costs and better cash flow management.

Overall, the decreasing trend in DOH for Godaddy Inc indicates improved inventory management efficiency over the analyzed period, potentially positively impacting the company's financial performance and operational effectiveness. Further monitoring is recommended to assess any ongoing improvements or challenges in inventory management.