Coherent Inc (COHR)
Days of inventory on hand (DOH)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 1.94 | 2.63 | 2.63 | 2.45 | 2.53 | 2.50 | 2.48 | 2.64 | 2.78 | 2.32 | 2.14 | 1.83 | 2.26 | 2.25 | 2.40 | 2.60 | 2.74 | 2.75 | 2.65 | 2.79 | |
| DOH | days | 188.47 | 138.52 | 138.68 | 149.08 | 144.40 | 145.92 | 146.93 | 138.03 | 131.12 | 157.00 | 170.51 | 199.56 | 161.36 | 162.05 | 151.90 | 140.16 | 133.04 | 132.73 | 137.77 | 130.85 |
June 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.94
= 188.47
The days of inventory on hand (DOH) for Coherent Inc. exhibited notable fluctuations over the analyzed period from September 2020 to June 2025. Initially, in September 2020, the DOH stood at approximately 130.85 days, indicating the company held inventory for about four and a half months. This figure increased gradually through the subsequent quarters, reaching a peak of approximately 199.56 days in September 2022, signifying a significant extension in inventory holding periods, nearing approximately six and a half months.
Following this peak, a downward trend is observed, with the DOH decreasing to around 131.12 days by June 2023, reflecting improved inventory management or shifts in sales dynamics. The metric slightly increased again to roughly 149.08 days in September 2024, before declining once more to an approximate 138.68 days at the end of 2024. In the most recent data point, June 2025, the DOH shows a notable upward movement, reaching approximately 188.47 days, indicating a substantial elongation in inventory holding time.
Overall, the pattern demonstrates periods of both inventory buildup and reduction. The significant escalation around late 2021 and early 2022 suggests potential inventory accumulation, possibly due to supply chain challenges, changes in demand, or overproduction. The subsequent reductions imply efforts to optimize inventory levels or shifts in sales velocity. The recent sharp increase in mid-2025 indicates a resurgence in inventory piling, which may warrant further investigation into underlying causes, such as market conditions or strategic inventory management decisions.
Peer comparison
Jun 30, 2025