NVIDIA Corporation (NVDA)

Days of inventory on hand (DOH)

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020	Jan 26, 2020	Oct 27, 2019	Jul 28, 2019	Apr 28, 2019
Inventory turnover		3.15	2.83	2.68	2.45	2.25	2.70	3.02	3.25	3.62	3.87	3.75	3.63	3.44	3.69	3.47	3.81	4.24	3.88	3.50	3.04
DOH	days	115.99	128.95	136.36	148.87	162.08	134.98	120.68	112.47	100.72	94.30	97.22	100.48	106.13	98.80	105.33	95.70	86.10	94.17	104.14	120.21

January 28, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.15
= 115.99

The days of inventory on hand (DOH) for NVIDIA Corp has shown a fluctuating trend over the past eight quarters. The company's DOH ranged from a low of 112.48 days in Q1 2023 to a high of 162.08 days in Q4 2023.

In general, a lower DOH indicates that the company is able to sell its inventory more quickly, which could be a positive sign of efficiency. Conversely, a higher DOH suggests that the company may be holding excess inventory, which could tie up capital and increase storage costs.

In the most recent quarter, Q4 2024, NVIDIA Corp's DOH decreased to 115.99 days from the previous quarter, Q3 2024, where it was 128.95 days. This decrease in DOH indicates that the company may have improved its inventory management and efficiency in selling its products.

Overall, it would be important for NVIDIA Corp to continue monitoring its inventory levels and strive to strike a balance between having enough inventory to meet demand without holding excess inventory that could impact profitability.