Diodes Incorporated (DIOD)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		3.32	4.12	4.09	3.31	4.24
DOH	days	109.97	88.53	89.29	110.26	86.16

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.32
= 109.97

Based on the data provided, Diodes, Inc. has shown variability in its days of inventory on hand (DOH) over the past five years. In 2023, the company held inventory for an average of approximately 141.76 days before selling it, which represents an increase from 2022. This prolonged holding period may indicate potential inefficiencies in managing inventory levels or challenges in selling products promptly.

Comparing 2023 to 2021 and 2019, there appears to be a general trend of higher DOH in odd years. This cyclic pattern suggests a possible seasonality or periodic factors affecting inventory management within the company.

Further analysis of Diodes, Inc.'s DOH trend over the years could provide valuable insights into the company's inventory control strategies and operational efficiency. An increasing DOH may tie up more capital in inventory and increase carrying costs, while a decreasing DOH could reflect improved inventory turnover and better liquidity.