NetApp Inc (NTAP)
Days of inventory on hand (DOH)
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.87 | 23.01 | 12.89 | 27.76 | 10.28 | |
| DOH | days | 37.00 | 15.86 | 28.31 | 13.15 | 35.49 |
April 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.87
= 37.00
The days of inventory on hand (DOH) for NetApp Inc has shown fluctuations over the past few years based on the provided data. As of April 30, 2022, the company had an inventory turnover rate of 35.49 days, indicating that it took approximately 35.49 days to sell its current inventory. By April 28, 2023, the DOH had improved significantly to 13.15 days, suggesting a more efficient inventory management process.
However, by April 30, 2023, the DOH increased to 28.31 days, potentially indicating a buildup of inventory or slower sales. This trend was reversed by April 26, 2024, with the DOH decreasing to 15.86 days, reflecting a quicker turnover of inventory. Interestingly, by April 30, 2024, the DOH increased again to 37.00 days, possibly signaling a need for the company to reassess its inventory management strategies to optimize efficiency.
Overall, NetApp Inc's days of inventory on hand has fluctuated over the years, and it is essential for the company to monitor and adjust its inventory levels to maintain optimal efficiency and profitability.
Peer comparison
Apr 30, 2024