Tetra Tech Inc (TTEK)
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 | 0.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| DOH | days | 536.08 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.68
= 536.08
The days of inventory on hand (DOH) ratio for Tetra Tech Inc for the most recent available period (as of Sep 30, 2024) is 536.08 days. DOH measures the average number of days it takes for a company to sell its inventory. A high DOH indicates that a company may be carrying too much inventory or facing challenges in selling its products efficiently.
Without historical data for comparison, it is difficult to assess the trend in Tetra Tech Inc's DOH over time. However, a DOH of 536.08 days suggests that Tetra Tech Inc may have a relatively long inventory turnover cycle, which could tie up capital and may require closer monitoring to optimize inventory levels. Further analysis in conjunction with other financial metrics would be necessary to fully evaluate the impact of this ratio on the company's overall financial health and operational efficiency.
Peer comparison
Sep 30, 2024