ePlus inc (PLUS)
Days of inventory on hand (DOH)
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 12.45 | 11.99 | 6.37 | 8.77 | 16.79 | |
| DOH | days | 29.31 | 30.45 | 57.28 | 41.61 | 21.74 |
March 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.45
= 29.31
The days of inventory on hand (DOH) for ePlus inc have fluctuated over the years based on the provided data.
As of March 31, 2021, the company had approximately 21.74 days of inventory on hand, indicating that it took about 21.74 days for ePlus to sell its inventory.
By March 31, 2022, the DOH increased significantly to 41.61 days, suggesting that the company was holding more inventory relative to its sales.
In the following year, as of March 31, 2023, the DOH jumped even higher to 57.28 days, indicating a further increase in inventory holding periods. This could signify challenges in managing inventory levels efficiently.
By March 31, 2024, the DOH decreased to 30.45 days, showing an improvement in managing inventory levels compared to the previous year.
As of the latest data available on March 31, 2025, the DOH decreased further to 29.31 days, indicating a continued improvement in inventory management efficiency.
Overall, ePlus inc's DOH has shown fluctuations over the years, with periods of high inventory holding leading to longer DOH, possibly indicating inefficiencies in managing inventory levels. However, the downward trend in recent years suggests a positive trend towards more efficient inventory management. Further analysis and comparison with industry benchmarks may provide more insights into the effectiveness of ePlus inc's inventory management practices.