Jabil Circuit Inc (JBL)

Days of inventory on hand (DOH)

		Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Inventory turnover		6.49	6.57	6.38	6.25	6.38	5.56	5.17	5.16	5.24	5.12	5.48	6.18	6.39	7.07	7.71	8.22	8.53	7.94	7.72	7.68
DOH	days	56.24	55.54	57.18	58.42	57.20	65.69	70.58	70.73	69.63	71.33	66.59	59.08	57.08	51.59	47.32	44.40	42.77	45.99	47.29	47.55

August 31, 2024 calculation

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

The days of inventory on hand (DOH) for Jabil Circuit Inc have shown some fluctuations over the past few years. The trend indicates that the company has generally been able to manage its inventory efficiently, with DOH ranging from as low as 42.77 days to as high as 71.33 days.

There was a slight increase in DOH from 42.77 days on Feb 28, 2021, to 70.73 days on Nov 30, 2022, which may suggest a build-up of inventory during this period. Subsequently, there was a decrease in DOH to 51.59 days by Feb 28, 2023, before it increased again to 70.58 days on May 31, 2023.

After May 31, 2023, there was a consistent decline in DOH, reaching 44.40 days by Feb 28, 2021. The company continued to improve its inventory management until reaching a low of 42.77 days by Aug 31, 2021. DOH then increased slightly over the next few periods, fluctuating between 45.99 days and 59.08 days.

Overall, Jabil Circuit Inc's DOH has shown variability, but the company has managed to keep it within a reasonable range, indicating a reasonable control over its inventory levels. It is essential for the company to continue monitoring and managing its inventory effectively to optimize its working capital and avoid excess inventory costs.