Synopsys Inc (SNPS)
Days of inventory on hand (DOH)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.44 | 3.17 | 5.02 | 3.76 | 4.13 | |
| DOH | days | 106.06 | 115.28 | 72.72 | 97.00 | 88.34 |
October 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.44
= 106.06
Synopsys Inc's Days of Inventory on Hand (DOH) has shown some fluctuations over the past five years. The trend indicates that the company has been managing its inventory levels differently each year. In 2024, the DOH was 106.06 days, a decrease from the prior year's 115.28 days. This suggests that the company was more efficient in managing its inventory in 2024 compared to 2023.
Looking back further, in 2022, the DOH was relatively low at 72.72 days, indicating that the company held less inventory on hand compared to other years. However, in 2021 and 2020, the DOH was higher at 97.00 days and 88.34 days, respectively. This indicates that Synopsys Inc held more inventory on hand during those years, potentially tying up more capital in inventory.
Overall, the trend in DOH for Synopsys Inc suggests that the company is actively managing its inventory levels, trying to strike a balance between carrying enough inventory to meet demand while also avoiding excess inventory that could tie up resources. The fluctuations in DOH over the years may reflect changes in the company's sales volumes, production processes, or inventory management strategies.
Peer comparison
Oct 31, 2024