Motorola Solutions Inc (MSI)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		7.70	6.55	6.25	5.83	6.29	5.53	5.68	6.22	7.31	9.37	9.88	10.09	10.51	11.03	12.18	12.61	12.44	11.31	11.19	10.20
DOH	days	47.43	55.70	58.35	62.60	58.04	65.95	64.30	58.70	49.92	38.96	36.93	36.17	34.73	33.09	29.96	28.94	29.34	32.28	32.63	35.79

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.70
= 47.43

Based on the data provided, the Days of Inventory on Hand (DOH) for Motorola Solutions Inc have shown fluctuating trends over the past eight quarters. In Q4 2023, the DOH stood at 60.27 days, representing a decrease from the previous quarter. This suggests that the company was able to manage its inventory more efficiently during this period.

Comparing Q4 2023 to Q1 2022, where DOH was at its highest at 90.55 days, there has been a noticeable improvement in inventory management. The downward trend in DOH indicates that the company may have streamlined its inventory processes, reducing the number of days it takes to sell its inventory or convert it into sales.

Despite the improvement in Q4 2023, it is important to note that the DOH metric has been somewhat volatile over the quarters, with occasional increases interspersed with decreases. This could indicate potential challenges in forecasting demand or managing inventory levels consistently.

Overall, Motorola Solutions Inc should continue to monitor and fine-tune its inventory management practices to ensure optimal efficiency in handling its inventory levels and improving its cash conversion cycle.