Azenta Inc (AZTA)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.76 | 7.76 | 7.26 | 6.02 | 6.16 | 5.26 | 4.64 | 4.58 | 6.97 | 3.70 | 5.26 | 7.08 | 9.41 | 5.93 | 6.70 | 6.53 | 21.35 | 6.53 | 7.00 | 6.98 | |
| DOH | days | 47.03 | 47.04 | 50.27 | 60.63 | 59.23 | 69.41 | 78.64 | 79.70 | 52.39 | 98.64 | 69.45 | 51.54 | 38.77 | 61.60 | 54.48 | 55.92 | 17.10 | 55.93 | 52.15 | 52.31 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.76
= 47.03
The days of inventory on hand (DOH) for Azenta Inc have shown variability over the past few quarters. The trend indicates fluctuations in the efficiency of managing inventory levels.
In the most recent quarter, as of September 30, 2024, Azenta Inc had an inventory on hand for an average of approximately 47.03 days. This is consistent with the previous quarter, June 30, 2024, which was also around 47.04 days.
Comparing to historical data, there was a significant improvement in inventory management from the high of 98.64 days on June 30, 2022, to the recent levels in 2024. However, there are still occasional spikes in DOH, such as on December 31, 2023, and March 31, 2023, indicating potential challenges in managing inventory efficiently during those periods.
Overall, Azenta Inc should continue to monitor and manage its inventory levels effectively to ensure optimal utilization of resources and minimize carrying costs.
Peer comparison
Sep 30, 2024