Coherent Inc (COHR)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.64 | 4.26 | 3.12 | 3.80 | 3.59 | |
| DOH | days | 100.28 | 85.70 | 117.15 | 96.07 | 101.57 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.64
= 100.28
Coherent Inc's Days of Inventory on Hand (DOH) has fluctuated over the past five years. In particular, we observe a downward trend from 2022 to 2023, followed by a significant increase in 2024. The DOH was 100.28 days in 2024, compared to 85.70 days in 2023, 117.15 days in 2022, 96.07 days in 2021, and 101.57 days in 2020. This suggests that in 2024, Coherent Inc is taking longer to sell its inventory compared to the previous year, potentially indicating challenges in managing inventory levels or sales slowdown. Further investigation into the reasons behind this increase in DOH would be warranted to assess the efficiency of Coherent Inc's inventory management practices.
Peer comparison
Jun 30, 2024