Advanced Micro Devices Inc (AMD)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		4.14	5.17	5.30	4.81	4.70
DOH	days	88.11	70.56	68.88	75.95	77.70

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.14
= 88.11

The days of inventory on hand (DOH) for Advanced Micro Devices Inc have fluctuated over the past five years. In 2023, the company had an average of 88.11 days of inventory on hand, which is higher compared to the previous year. This indicates that AMD held its inventory for a longer period before selling it.

In 2022, the DOH decreased to 70.56 days, showing an improvement in inventory management efficiency compared to the year before. The trend continued in 2021, where the DOH further decreased to 68.88 days, suggesting a more efficient inventory turnover.

However, in 2020 and 2019, the company's DOH increased to 75.95 days and 77.70 days respectively, which may indicate potential issues such as excess inventory levels or slower inventory turnover during those years.

Overall, analyzing the DOH trend for Advanced Micro Devices Inc shows fluctuations in inventory management efficiency over the five-year period, with improvements in some years and potential challenges in others.