Take-Two Interactive Software Inc (TTWO)

Days of inventory on hand (DOH)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Inventory turnover		—	5.24	198.76	135.43	122.47
DOH	days	—	69.64	1.84	2.70	2.98

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The Days of Inventory on Hand (DOH) for Take-Two Interactive Software Inc has shown a significant increase from 2.98 days as of March 31, 2020, to 69.64 days as of March 31, 2023. This indicates that the company is holding inventory for a longer period before selling it, which could potentially tie up working capital and lead to increased storage and holding costs.

The sharp increase in DOH could imply issues related to inventory management, such as overstocking, changes in demand patterns, production delays, or inefficiencies in supply chain operations. It is important for the company to closely monitor and manage its inventory levels to optimize its working capital utilization and ensure efficient operations.

Further analysis would be necessary to understand the reasons behind the sudden spike in inventory holding period and to implement appropriate strategies to improve inventory turnover and reduce the DOH metric back to more optimal levels.