NetApp Inc (NTAP)
Days of inventory on hand (DOH)
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.53 | 9.87 | 23.01 | 12.89 | 27.76 | |
| DOH | days | 34.66 | 37.00 | 15.86 | 28.31 | 13.15 |
April 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.53
= 34.66
Based on the provided data, NetApp Inc's days of inventory on hand (DOH) has shown some fluctuations over the years.
As of April 28, 2023, the company had 13.15 days of inventory on hand, indicating efficient management of inventory levels. However, by April 30, 2023, this figure increased to 28.31 days, suggesting a possible buildup of inventory relative to sales.
Subsequently, the DOH decreased to 15.86 days by April 26, 2024, reflecting a more optimized inventory management approach. Nevertheless, by April 30, 2024, the days of inventory on hand surged to 37.00 days, signaling a potentially excessive amount of inventory in comparison to demand.
By April 30, 2025, the DOH stood at 34.66 days, indicating that NetApp Inc may still be working to find the optimal balance in managing its inventory levels efficiently.
In conclusion, NetApp Inc's DOH has displayed fluctuations over the years, suggesting varying levels of efficiency in inventory management practices that may require further evaluation and adjustment to optimize working capital and operational performance.
Peer comparison
Apr 30, 2025