Jabil Circuit Inc (JBL)

Days of inventory on hand (DOH)

		Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Inventory turnover		6.49	6.38	5.24	6.39	8.53
DOH	days	56.24	57.20	69.63	57.08	42.77

August 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.49
= 56.24

The days of inventory on hand (DOH) for Jabil Circuit Inc has shown some variability over the past five years. In 2024, the DOH was recorded at 56.24 days, representing a slight improvement compared to the prior year's figure of 57.20 days. This suggests that the company was able to reduce the number of days it takes to sell its inventory, which could be a positive sign of efficient inventory management.

Looking further back, in 2022, the DOH was significantly higher at 69.63 days, indicating a longer period for inventory turnover compared to the recent years. However, Jabil Circuit Inc managed to lower this metric in the subsequent years.

In 2021 and 2020, the company had DOH figures of 57.08 days and 42.77 days respectively. The decrease in DOH over this period reflects an improvement in the company's inventory management efficiency, as it took fewer days to sell off inventory.

Overall, the trend in DOH for Jabil Circuit Inc shows fluctuations but with a recent trend towards improved efficiency in managing its inventory levels. This is a positive indicator for the company's operations and financial performance.