ViaSat Inc (VSAT)
Days of inventory on hand (DOH)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.91 | 3.13 | 3.83 | 1.76 | 2.03 | |
| DOH | days | 52.85 | 116.63 | 95.37 | 207.50 | 180.05 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.91
= 52.85
ViaSat Inc's days of inventory on hand (DOH) has shown a decreasing trend over the past five years. As of March 31, 2024, the company had an average of 52.85 days worth of inventory on hand, compared to 116.63 days in the previous year and 95.37 days in the year before that. This significant decrease indicates that the company has been more efficient in managing its inventory levels, possibly through better inventory control and demand forecasting.
The improvement in DOH suggests that ViaSat Inc has been able to reduce the amount of time it takes to sell its inventory, which can lead to lower carrying costs and a healthier cash flow position. However, it is important to note that DOH can vary across industries, so it is essential to benchmark this ratio against industry peers for a more accurate assessment.
Overall, the declining trend in ViaSat Inc's days of inventory on hand reflects a positive development in its inventory management practices, potentially contributing to enhanced operational efficiency and financial performance.
Peer comparison
Mar 31, 2024