Micron Technology Inc (MU)

Days of inventory on hand (DOH)

		Aug 29, 2024	May 30, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Jun 1, 2023	Mar 2, 2023	Dec 1, 2022	Sep 1, 2022	Jun 2, 2022	Mar 3, 2022	Dec 2, 2021	Sep 2, 2021	Jun 3, 2021	Mar 4, 2021	Dec 3, 2020	Sep 3, 2020	May 28, 2020	Feb 27, 2020	Nov 28, 2019
Inventory turnover		2.35	1.83	2.33	2.39	2.17	2.73	2.21	2.05	2.72	3.27	3.44	3.92	4.18	4.08	3.67	2.95	2.99	2.82	2.78	2.83
DOH	days	155.40	199.66	156.97	152.48	167.85	133.70	164.93	177.86	134.25	111.52	106.07	93.01	87.24	89.55	99.37	123.54	122.25	129.55	131.29	128.91

August 29, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.35
= 155.40

The Days of Inventory on Hand (DOH) for Micron Technology Inc have shown fluctuations over the historical periods provided. The DOH represents the number of days the company takes to sell its inventory, with lower values indicating quicker turnover.

In the most recent period as of August 29, 2024, the DOH stood at 155.40 days, showing a decrease from the previous period of 199.66 days as of May 30, 2024. This reduction suggests that Micron may have improved its inventory management efficiency by selling its inventory at a faster rate.

Looking further back, there were fluctuations in the DOH figures over time, with values ranging between 93.01 days as of March 3, 2022, to 177.86 days as of December 1, 2022. These variations may be indicative of changes in production levels, demand dynamics, or inventory management practices within the company.

Overall, an analysis of Micron's DOH indicates that the company has experienced fluctuations in its inventory turnover efficiency over the historical periods provided. It would be beneficial for the company to closely monitor and manage its inventory levels to optimize operations and enhance overall profitability.