Axcelis Technologies Inc (ACLS)
Days of inventory on hand (DOH)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 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 | 1.42 | 1.43 | 1.58 | 1.80 | |
| DOH | days | 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 | 257.70 | 255.67 | 230.39 | 202.28 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.09
= 174.98
The days of inventory on hand (DOH) for Axcelis Technologies Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the DOH stood at 174.98 days, a decrease from the previous quarter. Despite this decrease, the DOH remains relatively high compared to previous quarters, indicating that the company is holding inventory for an extended period before it is sold.
While there have been fluctuations in the DOH, the company has generally maintained a high level of inventory on hand throughout the past two years. This could suggest inefficiencies in inventory management or challenges in accurately forecasting demand.
It is important for Axcelis Technologies Inc to find ways to optimize its inventory management practices to reduce the number of days inventory is held on hand. This could help improve cash flow, reduce storage costs, and enhance overall efficiency in its operations.
Peer comparison
Dec 31, 2023