NetApp Inc (NTAP)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 26, 2024 | Jan 31, 2024 | Jan 26, 2024 | Oct 31, 2023 | Oct 27, 2023 | Jul 31, 2023 | Jul 28, 2023 | Apr 30, 2023 | Apr 28, 2023 | Jan 31, 2023 | Jan 27, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.16 | 7.94 | 11.64 | 16.41 | 16.17 | 22.31 | 22.16 | 24.34 | 24.78 | 23.73 | 24.40 | 19.56 | 19.98 | 19.41 | 19.53 | 14.07 | 14.14 | 15.08 | 15.06 | 16.79 | |
| DOH | days | 51.00 | 45.97 | 31.36 | 22.24 | 22.58 | 16.36 | 16.47 | 15.00 | 14.73 | 15.38 | 14.96 | 18.66 | 18.27 | 18.80 | 18.69 | 25.95 | 25.81 | 24.20 | 24.24 | 21.74 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.16
= 51.00
Based on the data provided, NetApp Inc's days of inventory on hand (DOH) have fluctuated over the periods specified.
- The DOH has ranged from a low of 14.73 days on October 27, 2023, to a high of 51.00 days on January 31, 2025.
- The average DOH over the periods analyzed is about 23.77 days.
- In general, a lower DOH indicates that NetApp Inc is selling its inventory more quickly, while a higher DOH suggests that inventory is moving slower.
- When the DOH is decreasing, it may indicate efficient inventory management and a faster turnover of inventory, potentially leading to lower holding costs and better liquidity.
- Conversely, an increasing DOH may signal potential issues such as overstocking, slowing sales, or obsolete inventory, which could tie up capital and affect profitability.
- The trend in NetApp Inc's DOH should be monitored closely to assess the effectiveness of its inventory management practices and their impact on the company's overall financial performance.
Peer comparison
Jan 31, 2025