Coherent Inc (COHR)
Days of inventory on hand (DOH)
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.64 | 3.72 | 3.75 | 4.00 | 4.21 | 3.38 | 3.06 | 2.57 | 3.12 | 3.06 | 3.27 | 3.53 | 3.70 | 3.75 | 3.57 | 3.77 | 3.47 | 2.96 | 2.49 | 1.65 | |
| DOH | days | 100.38 | 98.05 | 97.41 | 91.22 | 86.70 | 108.04 | 119.16 | 142.11 | 117.15 | 119.38 | 111.76 | 103.30 | 98.69 | 97.40 | 102.34 | 96.81 | 105.29 | 123.50 | 146.36 | 221.67 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.64
= 100.38
The Days of Inventory on Hand (DOH) is a metric that indicates the average number of days it takes for a company to sell its inventory. A lower DOH value is generally considered more favorable as it signifies a quicker inventory turnover.
Analyzing the historical trend of Coherent Inc's DOH, we observe fluctuations in the values over the past few quarters. In the most recent quarter of June 30, 2024, the DOH was 100.38 days, slightly higher than the previous quarter of 98.05 days. This suggests that the company took slightly longer to sell its inventory compared to the previous quarter.
Looking further back, we notice a general decreasing trend in DOH from a peak of 221.67 days on September 30, 2019, to the current level of around 100 days. This indicates an improvement in the efficiency of inventory management, as the company has been able to reduce the number of days it holds inventory on hand.
It is important for Coherent Inc to continue monitoring and managing its inventory levels effectively to ensure optimal utilization of resources and maintain a healthy balance between inventory levels and sales. Additionally, the company may explore strategies to further streamline its inventory turnover process to enhance overall operational efficiency and profitability.
Peer comparison
Jun 30, 2024