Micron Technology Inc (MU)

Days of inventory on hand (DOH)

		Aug 31, 2024	Aug 29, 2024	Aug 31, 2023	Sep 1, 2022	Aug 31, 2022
Inventory turnover		2.20	2.35	2.02	2.73	2.53
DOH	days	166.14	155.10	180.54	133.94	144.25

August 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.20
= 166.14

The Days of Inventory on Hand (DOH) metric for Micron Technology Inc has shown fluctuations over the years based on the provided data. In August 2022, the DOH was 144.25 days, which decreased to 133.94 days in September 2022. However, there was a significant increase in DOH in August 2023 to 180.54 days. Subsequently, the DOH decreased to 155.10 days in August 2024, but rose slightly to 166.14 days by the end of the same month.

Overall, the trend in DOH for Micron Technology Inc indicates some variability in managing inventory levels over the years, potentially impacting working capital and operational efficiency. Further analysis would be required to understand the factors influencing these fluctuations and their implications for the company's inventory management strategy.