Keysight Technologies Inc (KEYS)

Days of inventory on hand (DOH)

		Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Inventory turnover		3.40	3.39	3.93	4.19	3.95
DOH	days	107.50	107.61	92.90	87.13	92.38

October 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.40
= 107.50

Keysight Technologies Inc had a fluctuating trend in its days of inventory on hand (DOH) over the past five years. The DOH increased from 92.38 days in 2020 to 107.50 days in 2024, indicating a rise in the average amount of time inventory was held before being sold. This increase could suggest potential issues such as slower inventory turnover or overstocking.

Despite the increase in 2024, the DOH in 2024 was relatively stable compared to the previous year. The company maintained a similar level of inventory management in 2023 and 2024 (107.61 days vs. 107.50 days). However, the DOH was notably higher compared to 2022 and 2021, which were 92.90 days and 87.13 days, respectively.

Overall, the trend in Keysight Technologies Inc's DOH indicates a need for careful monitoring of inventory levels and efficiency in managing inventory turnover to optimize working capital and profitability.