Axcelis Technologies Inc (ACLS)
Days of inventory on hand (DOH)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.00 | 2.06 | 2.17 | 2.00 | 2.09 | 2.00 | 1.96 | 2.12 | 2.14 | 2.11 | 2.12 | 2.03 | 1.93 | 1.67 | 1.51 | 1.60 | 1.71 | 1.69 | 1.65 | 1.60 | |
| DOH | days | 182.90 | 177.17 | 167.89 | 182.13 | 174.98 | 182.79 | 186.55 | 172.53 | 170.74 | 173.00 | 171.97 | 179.94 | 189.29 | 218.34 | 241.17 | 228.24 | 213.04 | 215.71 | 220.64 | 227.53 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.00
= 182.90
The days of inventory on hand (DOH) for Axcelis Technologies Inc has shown some fluctuation over the past few years.
From March 31, 2020, to December 31, 2021, the DOH decreased from 227.53 days to 189.29 days, indicating an improvement in inventory management efficiency. This decline suggests that the company was able to sell its inventory more quickly, potentially reducing carrying costs and avoiding obsolete inventory issues.
However, starting from March 31, 2022, the DOH began to increase steadily, reaching 186.55 days by June 30, 2023. This rise may signal a potential buildup of inventory, which could tie up working capital and lead to higher storage costs.
The DOH decreased to 167.89 days by June 30, 2024, suggesting the company made efforts to streamline its inventory levels. However, it increased again to 182.90 days by December 31, 2024, indicating a possible need for further inventory management optimization.
Overall, Axcelis Technologies Inc should continue monitoring its inventory levels closely to strike a balance between ensuring product availability for customers and minimizing excess inventory holding costs.
Peer comparison
Dec 31, 2024