Amphenol Corporation (APH)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.91 | 4.11 | 3.95 | 4.06 | 4.28 | |
| DOH | days | 93.38 | 88.91 | 92.49 | 89.93 | 85.25 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.91
= 93.38
The Days of Inventory on Hand (DOH) metric for Amphenol Corp. has shown a generally increasing trend over the last five years. In 2023, the company had an average of 93.38 days of inventory on hand, compared to 88.91 days in 2022, 92.49 days in 2021, 89.93 days in 2020, and 85.25 days in 2019.
This increasing trend in DOH indicates that, on average, Amphenol is taking longer to sell its inventory. A higher DOH value could imply overstocking or slow-moving inventory, which may tie up working capital and increase carrying costs. It could also suggest potential inefficiencies in inventory management and procurement processes.
Further analysis would be required to understand the underlying reasons for the increasing DOH trend and assess its impact on the company's operational efficiency, cash flow, and profitability. Comparing the DOH metric with industry benchmarks or historical data for Amphenol could provide additional insights into the company's inventory management performance.