Dolby Laboratories (DLB)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.00 | 4.28 | 4.76 | 4.90 | 5.48 | 6.00 | 5.60 | 7.85 | 9.69 | 11.86 | 11.68 | 9.41 | 7.19 | 5.73 | 5.11 | 5.64 | 5.48 | 4.98 | 3.76 | 4.07 | |
| DOH | days | 91.31 | 85.22 | 76.69 | 74.54 | 66.60 | 60.80 | 65.21 | 46.47 | 37.65 | 30.78 | 31.26 | 38.79 | 50.80 | 63.66 | 71.37 | 64.71 | 66.58 | 73.36 | 97.17 | 89.75 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.00
= 91.31
The days of inventory on hand (DOH) for Dolby Laboratories has fluctuated over the past few quarters. The trend shows an increase in DOH from March 2021 to September 2022, indicating an increase in the number of days it takes for the company to sell its inventory. This could suggest potential issues with inventory management during that period.
However, from September 2022 to December 2023, there is a decrease in DOH, indicating that Dolby Laboratories has been able to improve its inventory turnover efficiency. A lower DOH implies that the company is selling its inventory at a faster rate, which can be positive for working capital management and cash flow.
Overall, it appears that Dolby Laboratories has made progress in reducing its days of inventory on hand after facing some challenges in the past. This improvement may lead to better liquidity and profitability for the company in the future.
Peer comparison
Dec 31, 2023