Qualcomm Incorporated (QCOM)

Days of inventory on hand (DOH)

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Inventory turnover		2.47	2.94	4.42	3.56	6.14
DOH	days	147.71	124.20	82.61	102.46	59.43

September 30, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.47
= 147.71

Qualcomm Incorporated's days of inventory on hand (DOH) have exhibited fluctuating trends over the past five years. The DOH stood at 147.71 days as of September 30, 2023, reflecting an increase compared to the prior year. This indicates that Qualcomm held inventory for a longer period before selling it, which could be a potential concern as it ties up capital and may indicate inefficiencies in inventory management.

Compared to the figures from the last five years, Qualcomm's DOH was notably higher in 2023, suggesting a potential accumulation of inventory or slower inventory turnover. A high DOH could result in increased carrying costs and obsolescence risks. Conversely, a lower DOH, as observed in 2019, signifies quicker inventory turnover and better liquidity.

Further analysis of Qualcomm's operational performance, supply chain management, and sales trends would be necessary to fully understand the reasons behind the fluctuating DOH figures and to assess the company's inventory management efficiency.