OSI Systems Inc (OSIS)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.28 | 3.26 | 3.04 | 3.40 | 4.25 | |
| DOH | days | 111.12 | 112.10 | 119.98 | 107.35 | 85.92 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.28
= 111.12
The days of inventory on hand (DOH) for OSI Systems Inc have fluctuated over the past five years. In June 2020, the company had 85.92 days of inventory on hand, which increased to 107.35 days in June 2021 before further rising to 119.98 days in June 2022. However, there was a slight improvement in June 2023 when the DOH decreased to 112.10 days. The most recent data shows that as of June 30, 2024, the DOH decreased further to 111.12 days.
Overall, the trend in days of inventory on hand for OSI Systems Inc has shown some variability, indicating potential challenges in managing inventory levels effectively. It is important for the company to continue monitoring and optimizing its inventory management to ensure efficient operations and cost control.
Peer comparison
Jun 30, 2024