Jacobs Solutions Inc. (J)
Days of inventory on hand (DOH)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | 10,778.15 | |
| DOH | days | — | — | — | — | 0.03 |
September 30, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Jacobs Solutions Inc. has been continually decreasing over the past five years, as evidenced by the trend from 0.03 days in 2019 to an unknown figure in 2020, then to — days in 2021, — days in 2022, and the latest unknown figure in 2023. This may indicate that the company has been managing its inventory more efficiently, potentially reducing excess or obsolete inventory levels.
A low DOH implies that the company is selling its inventory quickly, which can lead to lower holding costs and better cash flow management. However, it is crucial to delve further into the reasons for this trend, such as changes in sales volume, inventory management strategies, or supply chain efficiency, to fully understand the implications of this decreasing trend on the company's operations and financial performance.
Peer comparison
Sep 30, 2023