Qorvo Inc (QRVO)

Days of inventory on hand (DOH)

		Mar 31, 2024	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
Inventory turnover		3.21	3.08	2.42	2.22	2.85	2.74	2.90	2.90	3.12	3.25	3.85	3.92	4.20	4.25	4.16	3.62	3.71	3.92	3.86	3.71
DOH	days	113.70	118.42	151.07	164.59	127.95	133.14	125.74	125.96	116.91	112.32	94.86	93.14	86.94	85.79	87.75	100.72	98.46	93.18	94.58	98.40

March 31, 2024 calculation

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

The days of inventory on hand (DOH) for Qorvo Inc has shown fluctuations over the past few quarters. The trend indicates that the company has generally been able to manage its inventory levels effectively, with some variations in efficiency.

In recent quarters, there was an increase in the DOH metric, reaching a peak of 164.59 days at the end of June 2023. This suggests that inventory turnover slowed down during this period, which may have implications for the company's liquidity and working capital management.

However, it is important to note that the DOH metric improved in the subsequent quarters, dropping to 94.86 days at the end of September 2021 and further decreasing to 86.94 days at the end of March 2021. This signifies that Qorvo was able to clear its inventory quicker during these periods, potentially leading to cost savings and improved profitability.

Overall, a thorough analysis of the DOH trend, in conjunction with other financial metrics and industry benchmarks, would provide deeper insights into Qorvo's inventory management practices and the effectiveness of its operations.