Seagate Technology PLC (STX)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.39 | 5.82 | 5.61 | 6.90 | 7.17 | |
| DOH | days | 83.06 | 62.71 | 65.10 | 52.93 | 50.88 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.39
= 83.06
Seagate Technology PLC's days of inventory on hand (DOH) has shown some variability over the past five years. The trend indicates an increasing pattern from 50.88 days in 2020 to 83.06 days in 2024. This could suggest an accumulation of inventory or slower inventory turnover over the years.
The company's inventory management may need to be reviewed to ensure optimal levels of inventory are maintained without excessive buildup. A higher DOH could indicate potential issues such as obsolete inventory, overproduction, or decreasing demand for products.
It is important for Seagate Technology PLC to closely monitor and manage its inventory levels to strike a balance between meeting customer demand and avoiding excess inventory costs. Further analysis, in conjunction with other financial metrics, would provide a more comprehensive view of the company's overall operational efficiency and performance.
Peer comparison
Jun 30, 2024