Amphenol Corporation (APH)

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		3.91	4.02	4.27	4.09	4.11	4.08	4.00	3.95	3.95	3.61	3.79	4.01	4.06	4.13	4.11	4.21	4.28	4.43	4.43	4.59
DOH	days	93.38	90.72	85.49	89.34	88.91	89.55	91.28	92.51	92.49	101.10	96.37	90.93	89.93	88.35	88.82	86.66	85.25	82.32	82.40	79.55

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.91
= 93.38

To analyze Amphenol Corp.'s days of inventory on hand (DOH) based on the data provided, we observe a fluctuating trend over the past eight quarters. In Q4 2023, the company had 93.38 days of inventory on hand, which increased from the previous quarter's 90.72 days. This rise indicates that Amphenol Corp. held its inventory for a longer period, potentially tying up more capital.

Comparing Q4 2023 to the same period in the prior year, the DOH was slightly higher at 93.38 days versus 88.91 days in Q4 2022. This suggests that the company's inventory management may have been less efficient in the latest quarter.

Looking at the broader trend, the company's DOH has shown some variability but has generally been in the high 80s to low 90s range over the past eight quarters. This suggests that Amphenol Corp. may be carrying a significant amount of inventory relative to its sales levels.

Overall, a high DOH can indicate potential issues with inventory management, such as overstocking or slow-moving inventory. It is important for the company to monitor and optimize its inventory levels to ensure efficient working capital utilization and profitability.

Amphenol Corporation (APH)

Days of inventory on hand (DOH)

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