Grid Dynamics Holdings Inc (GDYN)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 44.22 | 211.56 | 84.85 | |
| DOH | days | — | — | 8.25 | 1.73 | 4.30 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Grid Dynamics Holdings Inc have exhibited fluctuations over the years.
In December 31, 2020, the company had 4.30 days' worth of inventory on hand, indicating that it took approximately 4.30 days for the company to sell its inventory.
By December 31, 2021, the DOH had significantly decreased to 1.73 days, which suggests an improvement in inventory management efficiency as the company was able to sell its inventory more quickly.
However, by December 31, 2022, the DOH had increased to 8.25 days, indicating that the company was taking longer to sell its inventory compared to the previous year, potentially signaling inefficiencies in inventory turnover.
The absence of data for December 31, 2023, and December 31, 2024, prevents a full analysis of the trend in the DOH for those years. It is important for the company to monitor its inventory levels closely to ensure optimal utilization and avoid potential issues such as overstocking or obsolescence.
Peer comparison
Dec 31, 2024