Plexus Corp (PLXS)

Days of inventory on hand (DOH)

		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	Mar 31, 2020	Dec 31, 2019
Inventory turnover		2.90	2.63	2.53	2.49	2.57	2.50	2.46	2.36	1.78	1.66	1.77	1.34	2.44	2.78	3.19	3.23	3.27	1.99	2.07	3.18
DOH	days	126.00	138.75	144.16	146.58	141.78	145.72	148.66	154.39	205.05	219.82	205.70	272.92	149.84	131.38	114.35	113.08	111.64	183.08	176.18	114.95

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.90
= 126.00

The days of inventory on hand (DOH) for Plexus Corp have shown fluctuations over the periods indicated. The DOH has ranged from as low as 111.64 days to as high as 272.92 days over the past few years. It is notable that the DOH has been generally decreasing in recent quarters, signifying that the company is managing its inventory more efficiently. A lower DOH indicates that Plexus Corp is selling its inventory at a faster rate, which could lead to lower holding costs and potentially improved cash flows. However, the DOH still remains relatively high compared to some prior periods, suggesting that there could be room for further optimization in inventory management practices. It is essential for Plexus Corp to continue monitoring and improving its inventory turnover to enhance operational efficiency and maintain a healthy balance between inventory levels and sales demand.