Perficient Inc (PRFT)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		—	116.91	120.09	28.92	108.77
DOH	days	—	3.12	3.04	12.62	3.36

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

To analyze Perficient Inc.'s days of inventory on hand (DOH) for the years 2019 to 2023, we first note that the exact DOH figures are not provided in the table. Days of inventory on hand is a ratio that measures the number of days a company holds its inventory before selling it. A lower DOH indicates a faster inventory turnover and is generally preferred as it suggests efficient inventory management.

In the absence of specific DOH figures, we can make some general observations based on the concept of DOH. If the DOH has decreased over the years, it would imply that Perficient Inc. has become more efficient in managing its inventory, which could be a positive sign. Conversely, if the DOH has increased, it may suggest that the company is taking longer to sell its inventory, which could tie up working capital and potentially lead to higher carrying costs.

Without the actual DOH data for each year, a more in-depth analysis of Perficient Inc.'s inventory management efficiency cannot be provided. It would be beneficial to access the specific DOH values for each year or additional financial data to further evaluate the company's inventory turnover performance and overall operational effectiveness.