NVIDIA Corporation (NVDA)
Days of inventory on hand (DOH)
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.15 | 2.25 | 3.62 | 3.44 | 4.24 | |
| DOH | days | 115.99 | 162.08 | 100.73 | 106.15 | 86.10 |
January 28, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.15
= 115.99
The Days of Inventory on Hand (DOH) for NVIDIA Corp has fluctuated over the five-year period from January 26, 2020, to January 28, 2024. In January 2020, the company held inventory for an average of 86.10 days, which increased to 106.15 days by January 31, 2021. However, in the subsequent years, the DOH decreased to 100.73 days by January 30, 2022, and further dropped to 162.08 days by January 29, 2023, before showing a significant improvement to 115.99 days by January 28, 2024.
This trend indicates that NVIDIA Corp managed its inventory more efficiently in recent years compared to earlier periods. A lower DOH value suggests that the company is selling its products more quickly and efficiently, which can lead to reduced carrying costs and better cash flow management. However, the spike in DOH in 2023 might indicate challenges in managing inventory during that period. Overall, NVIDIA Corp's inventory management has shown improvement in recent years, which is a positive sign for the company's operational efficiency and financial performance.
Peer comparison
Jan 28, 2024