Cohu Inc (COHU)

Days of inventory on hand (DOH)

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 Jun 30, 2020 Mar 31, 2020
Inventory turnover 1.77 1.93 2.04 2.10 2.21 2.16 2.23 2.41 2.57 2.71 2.88 3.02 3.11 3.20 2.96 2.52 2.56 2.47 2.39 2.54
DOH days 206.41 188.92 179.01 173.50 165.36 169.18 163.33 151.55 141.85 134.84 126.86 121.04 117.51 114.09 123.21 145.10 142.80 147.56 152.93 143.53

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.77
= 206.41

The Days of Inventory on Hand (DOH) for Cohu Inc has shown a fluctuating trend over the past few years. Starting at around 143 days in March 2020, the DOH increased slightly to around 152 days by June 2020 before dropping back to approximately 143 days by December 2020.

From March 2021 to June 2022, the DOH exhibited a downward trend, reaching its lowest point of about 123 days in June 2021. However, the trend reversed from September 2022 onwards, with the DOH steadily increasing to around 206 days by December 2024.

The increasing trend in DOH from September 2022 to December 2024 may indicate potential issues related to excess inventory levels, inefficient inventory management, or declining sales. This could lead to higher carrying costs, storage costs, and potentially obsolescence risks for Cohu Inc's inventory.

It would be essential for Cohu Inc to closely monitor and analyze their inventory turnover ratios and implement strategies to optimize inventory levels to ensure efficient operations and manage working capital effectively.