NetScout Systems Inc (NTCT)

Days of inventory on hand (DOH)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Inventory turnover		13.30	12.42	7.59	9.74	10.90
DOH	days	27.45	29.38	48.09	37.49	33.50

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.30
= 27.45

The days of inventory on hand (DOH) for NetScout Systems Inc have fluctuated over the past five years. In the most recent fiscal year ended March 31, 2024, the company's DOH was 27.45 days, showing a decrease from the previous year's 29.38 days. This decline indicates that NetScout Systems managed its inventory more efficiently in the latest fiscal year.

Comparing the DOH to previous years, there was a significant improvement from the fiscal year ended March 31, 2022, where the DOH was 48.09 days. The company has effectively reduced the number of days it takes to sell its inventory over the years, which is a positive trend for overall operational efficiency.

In the fiscal years 2021 and 2020, NetScout Systems had DOH figures of 37.49 days and 33.50 days, respectively. The company has made progress in managing its inventory levels more effectively since then.

Overall, NetScout Systems Inc's decreasing trend in days of inventory on hand indicates an improvement in inventory management efficiency, which can lead to cost savings and better cash flow management. It shows that the company is effectively selling its products without holding excess inventory, which can potentially lead to higher profitability in the long run.