CTS Corporation (CTS)

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		6.09	5.75	6.48	5.99	5.99	5.63	6.05	5.94	6.04	5.81	5.41	6.40	6.63	6.38	6.63	6.32	6.21	6.77	6.39	6.67
DOH	days	59.94	63.49	56.32	60.98	60.94	64.81	60.31	61.40	60.39	62.79	67.47	57.01	55.04	57.17	55.01	57.73	58.74	53.89	57.14	54.74

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.09
= 59.94

The days of inventory on hand (DOH) for CTS Corporation has shown some fluctuations over the periods analyzed. The DOH ranged between 53.89 days and 67.47 days during the period from March 31, 2020, to June 30, 2022. There was a noticeable increase in DOH in the most recent periods, reaching a peak of 67.47 days on June 30, 2022, indicating that the company is holding inventory for a longer period.

While a higher DOH can suggest potential issues with inventory management, such as overstocking or slowing sales, it can also signify a strategic decision to build up inventory buffers to meet increased demand or secure supply chains. It would be crucial for stakeholders to further investigate the reasons behind the rising trend in DOH to assess its impact on the company's operations and financial performance.