Hewlett Packard Enterprise Co (HPE)
Days of inventory on hand (DOH)
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.34 | 1.29 | 1.26 | 2.41 | 2.70 | |
| DOH | days | 271.44 | 282.04 | 288.71 | 151.51 | 135.25 |
October 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.34
= 271.44
Hewlett Packard Enterprise Co's days of inventory on hand (DOH) has fluctuated over the past five years. In 2019, the company held its inventory for an average of 45.04 days, which then increased to 53.50 days in 2020, reflecting a potential buildup of inventory. Subsequently, in 2021, the DOH decreased to 90.49 days, indicating a more efficient management of inventory levels. However, in 2022, there was another increase to 100.84 days, suggesting a potential challenge in controlling inventory levels. Finally, in 2023, the DOH decreased slightly to 90.83 days, although remaining relatively high compared to earlier years. This prolonged holding of inventory may indicate inefficiencies in inventory management or potential challenges in demand forecasting. Further investigation into the specific factors driving these fluctuations is warranted to assess the overall effectiveness of Hewlett Packard Enterprise Co's inventory management strategy.
Peer comparison
Oct 31, 2023
See also:
Hewlett Packard Enterprise Co Average Inventory Processing Period