Axcelis Technologies Inc (ACLS)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.00 | 2.09 | 2.14 | 1.93 | 1.71 | |
| DOH | days | 182.90 | 174.98 | 170.74 | 189.29 | 213.04 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.00
= 182.90
The days of inventory on hand (DOH) for Axcelis Technologies Inc have shown a decreasing trend over the past five years, indicating an improvement in managing inventory levels efficiently.
As of December 31, 2020, the company had an inventory turnover period of 213.04 days, which decreased to 189.29 days by December 31, 2021. This suggests that the company was able to sell through its inventory at a faster rate in 2021.
The trend continued as the DOH further declined to 170.74 days by December 31, 2022, indicating even better inventory management practices. However, there was a slight increase in DOH to 174.98 days by December 31, 2023, which may warrant further evaluation to determine the reasons behind the uptick.
By the end of December 31, 2024, the DOH stood at 182.90 days, still showing an overall improvement compared to the baseline in 2020. It is essential for the company to monitor this ratio closely to ensure inventory levels are optimized to meet demand effectively while avoiding unnecessary carrying costs.
Peer comparison
Dec 31, 2024