Intuit Inc (INTU)

Days of inventory on hand (DOH)

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Inventory turnover		—	13.59	—	—	—
DOH	days	—	26.86	—	—	—

July 31, 2024 calculation

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

Based on the data provided, Intuit Inc's days of inventory on hand (DOH) for the fiscal year ending July 31, 2024, were not available. However, for the previous fiscal year ending July 31, 2023, the company had an average of 26.86 days of inventory on hand.

The DOH ratio provides insight into how efficiently a company manages its inventory by indicating the number of days it takes for inventory to be sold or used. A lower DOH typically indicates that a company is effectively managing its inventory levels and is able to quickly convert inventory into sales.

It is important to note that having too low of a DOH ratio may also indicate potential stockouts and lost sales due to insufficient inventory levels. Conversely, a high DOH ratio may suggest overstocking or slow-moving inventory, tying up capital that could be used more efficiently elsewhere.

Without data for the most recent fiscal year, it is challenging to evaluate the trend in Intuit Inc's inventory management efficiency accurately. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's inventory management performance.