NVIDIA Corporation (NVDA)

Days of inventory on hand (DOH)

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Inventory turnover		3.24	3.57	3.55	3.58	3.80	3.56	3.67	3.21	2.98	2.55	2.11	1.93	2.23	2.73	2.75	3.12	3.48	3.36	3.86	3.72
DOH	days	112.73	102.18	102.68	102.01	96.09	102.57	99.51	113.61	122.66	142.99	172.90	189.36	163.53	133.76	132.64	116.86	104.94	108.74	94.59	98.02

January 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.24
= 112.73

The days of inventory on hand (DOH) for NVIDIA Corporation have fluctuated over the provided period. From January 30, 2022, to January 31, 2023, the DOH increased steadily, indicating a longer time taken to convert inventory into sales during this period. This was followed by a notable decrease in DOH for the next few quarters until January 31, 2024, suggesting an improvement in inventory management efficiency.

Subsequently, the DOH remained relatively stable around the 100-day mark from April 30, 2024, to January 31, 2025. This could imply a balance between inventory levels and sales demand, although further analysis is needed to determine the overall effectiveness of NVIDIA's inventory management strategies.

Overall, tracking changes in the DOH metric can provide insights into NVIDIA's inventory turnover efficiency, risk of obsolescence, and working capital management. It is essential for the company to continue monitoring and optimizing its inventory levels to support its operational performance and financial health.