Ametek Inc (AME)

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		4.47	4.60	4.50	4.39	4.61	4.60	4.82	5.28	5.69	5.59	5.45	5.95	6.44	6.34	6.15	6.16	6.57	6.53	6.35	6.20
DOH	days	81.63	79.36	81.12	83.09	79.14	79.26	75.77	69.11	64.10	65.35	66.97	61.38	56.71	57.61	59.32	59.21	55.56	55.87	57.48	58.87

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.47
= 81.63

To analyze Ametek Inc's Days of Inventory on Hand (DOH) based on the provided data, we observe a fluctuating trend over the past eight quarters. The DOH for Q4 2023 was 98.13 days, representing an increase compared to the previous quarter. This indicates that, on average, the company held inventory for approximately 98 days before selling it.

Looking at historical data, the DOH has shown some variability, ranging from 83.37 days in Q1 2022 to as high as 99.96 days in Q1 2023. The highest DOH was recorded in Q1 2023, implying a longer holding period for inventory, which could potentially tie up working capital.

Overall, the trend in Ametek Inc's DOH suggests fluctuations in inventory management efficiency. A lower DOH indicates faster inventory turnover, which may lead to lower carrying costs and better liquidity. Conversely, a higher DOH may suggest excess inventory levels or difficulty in selling products promptly.

To gain a more comprehensive understanding of Ametek Inc's inventory management practices, further analysis and comparison with industry benchmarks would be recommended.