Liquidity Services Inc (LQDT)

Days of inventory on hand (DOH)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Inventory turnover		15.73	20.13	16.68	14.19	29.00
DOH	days	23.20	18.14	21.88	25.72	12.59

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 15.73
= 23.20

The days of inventory on hand (DOH) for Liquidity Services Inc have fluctuated over the past five years. In 2024, the company had 23.20 days of inventory on hand, which was higher compared to the previous year when it was 18.14 days. This suggests that the company was holding onto its inventory for a longer period in 2024.

Looking back further, in 2022 and 2021, the DOH was 21.88 days and 25.72 days, respectively. These figures indicate that the company was carrying inventory for a longer period in those years compared to 2020 when the DOH was 12.59 days, reflecting a more efficient inventory turnover.

Overall, the trend in DOH for Liquidity Services Inc shows variability, with some years demonstrating better inventory management efficiency than others. Further analysis would be needed to understand the factors driving these fluctuations and to assess the company's inventory management practices in more depth.