Qorvo Inc (QRVO)

Days of inventory on hand (DOH)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Inventory turnover		3.21	2.85	3.12	4.20	3.71
DOH	days	113.70	127.95	116.91	86.94	98.46

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.21
= 113.70

The days of inventory on hand (DOH) for Qorvo Inc has fluctuated over the past five years. In fiscal year 2024, Qorvo had an average of 113.70 days of inventory on hand, which marks a decrease from the previous fiscal year where they had 127.95 days of inventory on hand. This reduction in DOH indicates that the company was more efficient in managing its inventory levels in the most recent fiscal year.

Comparing to fiscal year 2022, Qorvo also improved its inventory management as the DOH decreased from 116.91 days to 113.70 days in fiscal year 2024. However, in fiscal year 2021 and 2020, the company had higher DOH of 86.94 days and 98.46 days respectively compared to the most recent fiscal year. This implies that Qorvo has enhanced its efficiency in managing inventory levels over the past three years.

Overall, the decreasing trend in days of inventory on hand for Qorvo Inc suggests an improvement in inventory management efficiency, which may lead to better cash flow management and potential cost savings for the company.