Perdoceo Education Corp (PRDO)

Days of inventory on hand (DOH)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		106.28	264.10	202.48	154.82	302.34	276.24	483.76	405.41	633.27	496.55	943.85	981.80	966.32	906.90	972.82	1,040.55	989.93	848.23	848.22	728.15
DOH	days	3.43	1.38	1.80	2.36	1.21	1.32	0.75	0.90	0.58	0.74	0.39	0.37	0.38	0.40	0.38	0.35	0.37	0.43	0.43	0.50

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 106.28
= 3.43

Perdoceo Education Corporation has not provided specific data for the days of inventory on hand (DOH) for the quarters outlined. Without this information, a detailed and comprehensive analysis of the trend or fluctuation in inventory management efficiency over time cannot be conducted. In order to assess the company's inventory turnover and efficiency in managing its inventory levels, it is essential to have access to the DOH figures for each quarter. The DOH metric typically indicates how efficiently a company manages its inventory by showing the number of days it takes to convert inventory into sales. Monitoring this ratio over time can provide valuable insights into the company's inventory management practices and performance.