Liveramp Holdings Inc (RAMP)

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		191.70	15.67	—	24.89	—	—	40.02	35.19	—	18.28	22.02	20.78	49.11	35.18	29.87	18.06	31.02	17.05	14.14	52.55
DOH	days	1.90	23.30	—	14.67	—	—	9.12	10.37	—	19.97	16.57	17.56	7.43	10.37	12.22	20.21	11.77	21.41	25.81	6.95

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 191.70
= 1.90

The days of inventory on hand (DOH) for Liveramp Holdings Inc fluctuated over the past few quarters.

As of March 31, 2024, the company had 1.90 days of inventory on hand, indicating that it was able to quickly convert its inventory into sales during that period. This is a significant improvement compared to the previous quarter where DOH was substantially higher at 23.30 days as of December 31, 2023.

The DOH for Liveramp Holdings Inc stood at 14.67 days as of June 30, 2023, showing an increase from the preceding quarter. However, the company did not provide data for inventory days on hand for the quarters ending September 30, 2023, and March 31, 2023.

Looking at previous quarters, Liveramp Holdings Inc had varying levels of DOH, with some quarters showing lower figures like 6.95 days as of September 30, 2019, and 7.43 days as of March 31, 2021, indicating efficient inventory management during those periods.

Overall, the trend in the days of inventory on hand for Liveramp Holdings Inc reflects fluctuations in the company's inventory turnover efficiency. A lower DOH indicates faster inventory turnover and efficient management, whereas a higher DOH suggests slower turnover or potential overstocking. It is crucial for the company to closely monitor and manage its inventory levels to optimize working capital and maximize profitability.