Advanced Energy Industries Inc (AEIS)
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 | 3.98 | 3.79 | 3.67 | 3.60 | 3.78 | 3.30 | 3.14 | 3.28 | 3.38 | 3.24 | 3.77 | 4.48 | 4.95 | 3.18 | 2.56 | 2.12 | 1.53 | 1.47 | 3.54 | 3.50 | |
| DOH | days | 91.61 | 96.26 | 99.48 | 101.39 | 96.56 | 110.53 | 116.11 | 111.19 | 108.12 | 112.56 | 96.72 | 81.54 | 73.73 | 114.76 | 142.51 | 171.96 | 238.35 | 247.72 | 103.13 | 104.18 |
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. has shown a decreasing trend over the past eight quarters. In Q1 2022, the company had the highest DOH at 142.33 days, which then decreased consistently to 115.37 days by Q4 2023. This reduction indicates that the company has been more efficient in managing its inventory levels over time, potentially reducing carrying costs and improving cash flow. However, it is important to ensure that this decrease in DOH is not impacting sales or customer satisfaction negatively. Going forward, monitoring inventory turnover and analyzing the impact of inventory management strategies on the company's operations and profitability would be crucial for sustained performance.
Peer comparison
Dec 31, 2023