Sonos Inc (SONO)
Days of inventory on hand (DOH)
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.47 | 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 | |
| DOH | days | 66.67 | 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 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.47
= 66.67
The Days of Inventory on Hand (DOH) for Sonos Inc has fluctuated over the past few quarters, indicating changes in inventory management efficiency. The trend shows that DOH decreased significantly from 91.05 days in September 2023 to 39.85 days in March 2021, suggesting improved inventory turnover during this period. However, there was a subsequent increase in DOH to 117.71 days in September 2022, indicating a potential buildup of inventory.
From September 2022 to September 2024, there was a general decreasing trend in DOH, which indicates a more efficient management of inventory levels. The DOH metric stood at 66.67 days in September 2024, reflecting that the company held inventory for an average of 66.67 days before selling or using it. This suggests that Sonos managed its inventory more effectively in the most recent quarter.
Overall, the company should continue monitoring its inventory levels to maintain an optimal balance between having enough inventory to meet demand and minimizing excess inventory holding costs to improve its operational efficiency and financial performance.
Peer comparison
Sep 30, 2024