Applied Materials Inc (AMAT)
Days of inventory on hand (DOH)
| Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.04 | 2.84 | 2.64 | 3.23 | 2.81 | |
| DOH | days | 120.15 | 128.39 | 138.17 | 112.91 | 129.79 |
October 27, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.04
= 120.15
Applied Materials Inc's Days of Inventory on Hand (DOH) measures the average number of days it takes for the company to sell its inventory. A lower number indicates a more efficient inventory management process, while a higher number suggests slower inventory turnover.
Over the past five years, Applied Materials Inc's DOH has varied, ranging from 112.91 days to 138.17 days. The company had the lowest DOH on Oct 31, 2021, indicating a more efficient inventory turnover compared to the other years. Conversely, the highest DOH was recorded on Oct 30, 2022, suggesting a slower inventory turnover process during that period.
Overall, Applied Materials Inc's DOH has shown some fluctuations over the years, indicating potential shifts in inventory management strategies or changes in market demand. Further analysis and comparison with industry benchmarks may provide additional insights into the company's inventory management efficiency.
Peer comparison
Oct 27, 2024