Benchmark Electronics Inc (BHE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.31 | 3.76 | 3.62 | 3.92 | 5.74 | |
| DOH | days | 84.69 | 97.19 | 100.96 | 93.19 | 63.62 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.31
= 84.69
The days of inventory on hand (DOH) for Benchmark Electronics Inc have shown some fluctuations over the past five years. In December 31, 2020, the company had 63.62 days of inventory on hand, indicating an efficient management of inventory levels. However, this metric increased to 93.19 days by December 31, 2021, suggesting a possible buildup of inventory.
Subsequently, the DOH continued to rise, reaching 100.96 days by the end of 2022, which may indicate challenges in managing and selling inventory effectively. The trend reversed slightly in December 31, 2023, with the DOH decreasing to 97.19 days, although it still remains elevated compared to previous years.
By December 31, 2024, Benchmark Electronics Inc managed to reduce its DOH to 84.69 days, showing efforts to streamline inventory levels. Overall, the company's DOH trend reflects potential issues with inventory management and liquidity, which may require further analysis and attention from stakeholders.
Peer comparison
Dec 31, 2024