Science Applications International Corporation Common Stock (SAIC)

Days of inventory on hand (DOH)

		Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
Inventory turnover		2,190.67	96.00	102.11	80.31	67.54
DOH	days	0.17	3.80	3.57	4.55	5.40

February 2, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2,190.67
= 0.17

The days of inventory on hand (DOH) for Science Applications International Corporation Common Stock have shown a positive trend of improvement over the past five years.

As of Feb 2, 2024, the company has significantly reduced its DOH to 0.17 days, indicating that it takes a very short time for the company to convert its inventory into sales. This is a noteworthy improvement compared to the previous years.

In Feb 3, 2023, the DOH was at 3.80 days, showing a decrease from the previous year's 3.57 days as of Jan 28, 2022. The company continued to improve its inventory management efficiency.

Looking back further, on Jan 29, 2021, the DOH was 4.55 days, and on Jan 31, 2020, it was 5.40 days. The decreasing trend in DOH over the years suggests that Science Applications International Corporation has been able to streamline its inventory management processes effectively and is now able to convert its inventory into sales at a faster rate.

Overall, the declining trend in DOH reflects the company's ability to efficiently manage its inventory levels, which can positively impact its working capital and profitability by reducing carrying costs and the risk of obsolete inventory.