Tetra Tech Inc (TTEK)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 0.68 | — | — | — | — | |
| DOH | days | 536.08 | — | — | — | — |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.68
= 536.08
Based on the data provided, Tetra Tech Inc's days of inventory on hand (DOH) for the fiscal year ending September 30, 2024, was 536.08 days. However, the specific data for DOH in the previous years (Sep 30, 2023; Sep 30, 2022; Sep 30, 2021; Sep 30, 2020) is not available.
A high DOH indicates that Tetra Tech Inc may be carrying excessive inventory relative to its sales volume or demand. This ties up capital, increases storage costs, and may lead to obsolescence risk. Conversely, a low DOH may signal efficient inventory management but could potentially result in stockouts or lost sales if demand unexpectedly increases.
To better assess Tetra Tech Inc's inventory management performance over time, a trend analysis incorporating data from multiple periods would be necessary. This would provide insights into any improvements or deteriorations in the company's inventory turnover efficiency and working capital management.
Peer comparison
Sep 30, 2024