Synaptics Incorporated (SYNA)

Days of inventory on hand (DOH)

Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Inventory turnover 6.45 6.13 5.94 11.00 9.58
DOH days 56.61 59.50 61.49 33.17 38.09

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.45
= 56.61

Synaptics Incorporated's Days of Inventory on Hand (DOH) have shown fluctuating trends over the past five years. The company's DOH was 56.61 days as of June 30, 2024, a decrease from 59.50 days in the previous year, indicating a more efficient management of inventory.

Comparing the current DOH to historical data, the trend shows a decreasing pattern from 61.49 days in 2022 to 33.17 days in 2021 and 38.09 days in 2020. This implies that Synaptics has been able to streamline its inventory operations to reduce the time it takes to sell its inventory, which is generally a positive sign of effective inventory management.

However, it's worth noting that the DOH increased in 2023 before decreasing again in 2024, indicating potential variability in inventory management efficiency. Further analysis of factors impacting inventory turnover and sales patterns would be beneficial to understanding the drivers behind these changes.