ePlus inc (PLUS)
Days of inventory on hand (DOH)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 12.49 | 15.97 | 16.90 | 18.65 | 12.02 | 7.38 | 7.74 | 6.70 | 6.37 | 6.24 | 5.16 | 5.65 | 8.77 | 8.65 | 9.15 | 15.81 | 16.79 | 14.69 | 16.14 | 12.48 | |
| DOH | days | 29.22 | 22.85 | 21.59 | 19.57 | 30.35 | 49.43 | 47.13 | 54.47 | 57.28 | 58.53 | 70.70 | 64.65 | 41.61 | 42.18 | 39.91 | 23.08 | 21.74 | 24.84 | 22.61 | 29.24 |
March 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.49
= 29.22
The days of inventory on hand (DOH) for ePlus Inc have shown fluctuations over the period from June 30, 2020, to March 31, 2025.
The DOH decreased from 29.24 days on June 30, 2020, to 21.74 days on March 31, 2021, indicating an improvement in inventory management efficiency during that period. However, there was an uptick in DOH to 39.91 days by September 30, 2021, and a significant increase to 70.70 days by September 30, 2022. This sharp rise suggests potential issues with inventory management or possible inventory build-up.
Subsequently, there was a decrease in DOH to 19.57 days by June 30, 2024, which may indicate inventory optimization efforts. However, there was a slight increase to 38.16 days by March 31, 2025, signifying a longer period of time to turn inventory into sales.
Overall, the trend in DOH for ePlus Inc shows some variability, with periods of improvement followed by spikes in inventory holding periods. It is crucial for the company to monitor and control its inventory levels effectively to maintain a balance between meeting customer demand and avoiding excessive carrying costs.