Advanced Energy Industries Inc (AEIS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.98 | 3.78 | 3.38 | 4.95 | 2.75 | |
| DOH | days | 91.61 | 96.56 | 108.12 | 73.73 | 132.63 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.98
= 91.61
The days of inventory on hand (DOH) for Advanced Energy Industries Inc. have shown fluctuations over the past five years. In 2023, the DOH decreased to 115.37 days from 117.31 days in 2022, indicating that the company managed its inventory more efficiently during the year. Compared to 2021 and 2019, where the DOH was 133.73 days and 177.39 days respectively, the decrease in 2023 suggests a positive trend in inventory management.
It is noteworthy that in 2020, the DOH was relatively lower at 92.44 days compared to the surrounding years. This could be indicative of either a more aggressive sales strategy or tighter control over inventory levels during that period.
Overall, the trend in DOH for Advanced Energy Industries Inc. reflects varying levels of efficiency in managing inventory over the past five years, with 2023 demonstrating improvement compared to the previous years. Further analysis and context about the company's operations and industry dynamics would provide more insights into the significance of these changes in DOH.
Peer comparison
Dec 31, 2023