Sonos Inc (SONO)
Days of inventory on hand (DOH)
| Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 8.26 | 7.22 | 7.71 | 4.01 | 4.80 | 4.31 | 4.73 | 3.10 | 4.18 | 5.32 | 6.57 | 7.20 | 8.93 | 9.16 | 13.53 | 6.52 | 13.17 | 9.97 | 10.04 | 4.93 | |
| DOH | days | 44.18 | 50.55 | 47.35 | 91.05 | 76.06 | 84.75 | 77.13 | 117.71 | 87.30 | 68.55 | 55.59 | 50.71 | 40.86 | 39.85 | 26.98 | 55.97 | 27.71 | 36.62 | 36.37 | 74.01 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.26
= 44.18
The Days of Inventory on Hand (DOH) for Sonos Inc have varied over the past few quarters. The trend indicates fluctuations in the efficiency of managing and selling inventory.
Looking at the data:
- As of June 30, 2024, the DOH stood at 44.18 days, which is relatively lower compared to the previous quarter.
- However, in the quarter ending March 31, 2024, the DOH increased to 50.55 days, indicating a potential slowdown in inventory turnover.
- The highest DOH value in recent quarters was seen on September 30, 2022, at 117.71 days, suggesting a significant delay in converting inventory into sales.
- Conversely, the lowest DOH value in the period was on March 31, 2021, at 26.98 days, demonstrating efficient inventory management and quicker turnover.
Overall, Sonos Inc should closely monitor its inventory levels and strive for a balance to ensure optimal utilization and reduction of carrying costs while maintaining adequate product availability for customers.
Peer comparison
Jun 30, 2024