Analog Devices Inc (ADI)
Days of inventory on hand (DOH)
| Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.73 | 4.79 | 5.74 | 3.86 | 5.26 | |
| DOH | days | 77.12 | 76.23 | 63.58 | 94.52 | 69.34 |
November 2, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.73
= 77.12
Analog Devices Inc's days of inventory on hand (DOH) have fluctuated over the past five years, ranging from a low of 63.58 days in fiscal year 2022 to a high of 94.52 days in fiscal year 2021. The DOH for the most recent fiscal year, ending on Nov 2, 2024, was 77.12 days, indicating that on average, the company took approximately 77 days to sell its inventory.
A higher DOH value suggests that the company is holding onto its inventory for a longer period, which may indicate slow inventory turnover or potential issues with demand forecasting. Conversely, a lower DOH value indicates a faster rate of inventory turnover, which is generally considered more efficient.
In the case of Analog Devices Inc, the fluctuating DOH values over the years may signal varying inventory management practices or changes in demand patterns. Analyzing this trend in conjunction with other financial metrics can provide further insights into the company's operational efficiency and inventory management strategies.
Peer comparison
Nov 2, 2024