Sonos Inc (SONO)
Days of inventory on hand (DOH)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.99 | 3.10 | 7.21 | 6.52 | 4.93 | |
| DOH | days | 91.39 | 117.71 | 50.61 | 55.97 | 74.01 |
September 30, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.99
= 91.39
To analyze Sonos Inc's days of inventory on hand (DOH) over the past five years, we can observe a fluctuating trend.
The DOH was 134.73 days as of September 30, 2023, which is a decrease from the previous year's 173.45 days, indicating more efficient inventory management. However, when compared to prior years, the DOH has shown variability.
In 2021, the DOH was relatively low at 74.52 days, possibly indicating effective inventory control. This was followed by a notable increase to 87.49 days in 2020, which might suggest an expansion in inventory levels or a slowdown in sales.
Looking further back, the DOH was at 109.37 days in 2019, which indicates that inventory turnover improved in 2020 and 2021 before seeing a slight reversal in 2022.
Overall, while the recent decrease in DOH is a positive signal, it is essential to monitor future trends to understand the consistency of inventory management efficiency.
Peer comparison
Sep 30, 2023