NetScout Systems Inc (NTCT)

Days of inventory on hand (DOH)

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Inventory turnover		13.30	12.25	12.65	11.70	12.42	11.80	9.29	9.52	7.59	10.30	8.41	10.73	9.74	8.83	9.16	8.81	10.90	9.53	9.24	9.32
DOH	days	27.45	29.78	28.86	31.21	29.38	30.92	39.30	38.33	48.09	35.43	43.42	34.03	37.49	41.34	39.85	41.44	33.50	38.31	39.51	39.15

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 few quarters. The company's DOH ranged from a low of 27.45 days to a high of 48.09 days during the period under review. A lower DOH indicates that the company is efficiently managing its inventory, while a higher DOH suggests that inventory may be sitting for a longer period before being sold.

In the most recent quarter, the DOH was 27.45 days, which was lower compared to the previous quarter's 29.78 days. This indicates that NetScout Systems Inc was able to turn over its inventory more quickly in the current period, which could be a positive sign of effective inventory management.

Analyzing the trend over the past few quarters, it is evident that the company's DOH has shown some volatility but has generally been within a manageable range. However, it would be beneficial for NetScout Systems Inc to monitor and potentially improve its inventory management practices to maintain optimal levels of inventory turnover and avoid potential carrying costs associated with excessive inventory holdings.