Hewlett Packard Enterprise Co (HPE)
Days of inventory on hand (DOH)
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 1.02 | 1.34 | 1.51 | 1.55 | 1.46 | 1.29 | 1.04 | 1.10 | 1.06 | 1.26 | 2.31 | 2.88 | 3.49 | 3.66 | 2.77 | 2.96 | 3.74 | 4.02 | 5.17 | 7.35 | |
| DOH | days | 356.40 | 272.45 | 242.32 | 236.20 | 250.56 | 283.53 | 351.76 | 332.62 | 344.91 | 290.80 | 158.29 | 126.95 | 104.57 | 99.61 | 131.65 | 123.49 | 97.48 | 90.81 | 70.60 | 49.65 |
January 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.02
= 356.40
Hewlett Packard Enterprise Co's days of inventory on hand (DOH) has shown fluctuations over the past 8 quarters. In Q1 2024, the DOH is at 125.31 days, representing a significant increase in the number of days it takes for the company to sell its inventory. This is a notable increase compared to the previous quarter (Q4 2023) where the DOH was 90.83 days.
The trend in DOH over the past year indicates a general increase in inventory holding period, with Q1 2024 showing the highest DOH compared to Q4 2022 where it stood at 100.84 days. A rise in DOH could potentially suggest slower inventory turnover and possible inefficiencies in inventory management.
It would be important for stakeholders to further investigate the reasons behind the increase in DOH and assess its impact on the company's operations and overall financial health. Efficient inventory management is crucial for optimizing working capital and profitability in a company like Hewlett Packard Enterprise Co.
Peer comparison
Jan 31, 2024
See also:
Hewlett Packard Enterprise Co Average Inventory Processing Period (Quarterly Data)