NetApp Inc (NTAP)
Days of inventory on hand (DOH)
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 22.48 | 31.92 | 35.39 | 34.06 | 27.22 | 26.59 | 18.85 | 19.44 | 21.57 | 25.63 | 27.14 | 38.68 | 36.10 | 28.70 | 25.54 | 20.89 | 19.48 | 34.97 | 36.77 | 36.19 | |
| DOH | days | 16.24 | 11.44 | 10.32 | 10.72 | 13.41 | 13.72 | 19.37 | 18.78 | 16.92 | 14.24 | 13.45 | 9.44 | 10.11 | 12.72 | 14.29 | 17.47 | 18.74 | 10.44 | 9.93 | 10.09 |
April 26, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 22.48
= 16.24
The Days of Inventory on Hand (DOH) ratio for NetApp Inc has shown some fluctuations over the past few quarters.
In the most recent quarter of April 26, 2024, the DOH stood at 16.24 days, indicating that on average, NetApp had approximately 16 days worth of inventory on hand. This was higher compared to the previous quarter, where the DOH was 11.44 days.
Looking back over the past few quarters, the trend in the DOH ratio has been somewhat volatile, with values ranging from as low as 9.44 days to as high as 19.37 days. This means that the company's inventory management efficiency has varied over time.
Analyzing the DOH ratio can provide insights into how effectively NetApp is managing its inventory levels. A decreasing trend in the ratio could indicate improved inventory management, leading to lower carrying costs and potentially higher liquidity. On the other hand, a rising trend may suggest inefficiencies in inventory management, tying up capital in excess inventory.
In conclusion, while the DOH ratio for NetApp Inc has been fluctuating, further analysis and comparison with industry benchmarks could offer a clearer understanding of the company's inventory management performance and its impact on overall financial health.
Peer comparison
Apr 26, 2024