Sonos Inc (SONO)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.47 | 3.99 | 3.10 | 7.21 | 6.52 | |
| DOH | days | 66.68 | 91.39 | 117.71 | 50.61 | 55.97 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.47
= 66.68
The days of inventory on hand (DOH) for Sonos Inc has shown fluctuations over the past five years. In particular, there was a notable decrease in DOH from 2022 to 2023, indicating the company managed its inventory more efficiently during that period. However, in 2023, the DOH increased to 91.39 days, suggesting that the company may have been holding excess inventory relative to sales.
In 2024, the DOH decreased to 66.68 days, which may signify improved inventory management practices or potentially a higher rate of inventory turnover. Comparing to 2020 and 2021, the DOH values of 50.61 days and 55.97 days were relatively lower, pointing to potentially leaner inventory levels in those years.
Overall, the trend in DOH for Sonos Inc indicates variability in managing inventory levels, with potential room for further optimization to ensure efficient use of resources and capital tied up in inventory.
Peer comparison
Sep 30, 2024