Analog Devices Inc (ADI)

Days of inventory on hand (DOH)

		Nov 2, 2024	Aug 3, 2024	May 4, 2024	Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020
Inventory turnover		4.13	4.38	4.36	4.31	4.18	4.02	4.20	4.49	5.02	6.74	6.62	6.44	3.86	5.12	5.17	5.27	5.26	5.26	5.46	5.52
DOH	days	88.45	83.35	83.63	84.72	87.38	90.88	86.87	81.29	72.70	54.12	55.11	56.64	94.52	71.25	70.62	69.27	69.34	69.34	66.84	66.18

November 2, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.13
= 88.45

Analog Devices Inc's Days of Inventory on Hand (DOH) has shown fluctuations over the past several quarters. The DOH ranged from 54.12 days to 94.52 days in the most recent quarter. A decreasing trend is observed from 94.52 days in the fourth quarter of 2021 to 54.12 days in the second quarter of 2024, indicating an improvement in inventory management efficiency. However, there was a slight increase in DOH in the third and fourth quarters of 2024.

Overall, the company's DOH has been relatively stable, hovering around the 70-day mark in recent quarters. This indicates that Analog Devices Inc has been able to maintain a balanced level of inventory relative to its sales volume. Further analysis of the company's inventory turnover ratio and inventory management practices would provide additional insights into the efficiency of its inventory management.