Pure Storage Inc (PSTG)
Days of inventory on hand (DOH)
| Feb 4, 2024 | Nov 5, 2023 | Aug 6, 2023 | Feb 5, 2023 | Nov 6, 2022 | Aug 7, 2022 | May 8, 2022 | Feb 6, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 50.68 | 45.28 | 43.21 | 40.63 | 33.31 | 37.01 | 44.98 | 44.88 | 37.93 | 33.70 | 31.29 | 32.23 | 33.47 | 39.63 | 36.93 | 37.65 | 35.62 | 38.44 | 28.32 | 27.22 | |
| DOH | days | 7.20 | 8.06 | 8.45 | 8.98 | 10.96 | 9.86 | 8.11 | 8.13 | 9.62 | 10.83 | 11.66 | 11.33 | 10.90 | 9.21 | 9.88 | 9.69 | 10.25 | 9.49 | 12.89 | 13.41 |
February 4, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 50.68
= 7.20
The Days of Inventory on Hand (DOH) is a financial ratio that measures the average number of days a company takes to sell its inventory. A lower DOH indicates that the company is selling its products quickly, while a higher DOH suggests slower inventory turnover.
Analyzing the trend of Pure Storage Inc's DOH over the past two years, we observe fluctuations in the metric. The company's DOH ranged from a low of 7.20 days to a high of 13.41 days during this period. The DOH figure decreased to 7.20 days on Feb 4, 2024, which indicates that the company was able to sell its inventory more quickly compared to previous periods.
However, it is important to note that the DOH metric alone may not provide a complete picture of inventory management efficiency. It is recommended to combine this ratio with other financial metrics and industry benchmarks to assess the overall health of Pure Storage Inc's inventory management practices.
Peer comparison
Feb 4, 2024