Gentex Corporation (GNTX)

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		3.87	3.78	3.62	3.86	4.15	4.10	4.05	3.75	3.55	3.28	3.27	3.41	3.88	4.32	4.89	5.14	5.28	4.98	4.52	5.09
DOH	days	94.27	96.49	100.76	94.62	88.02	89.12	90.10	97.31	102.69	111.15	111.77	107.09	94.17	84.54	74.69	70.99	69.11	73.35	80.78	71.67

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.87
= 94.27

The Days of Inventory on Hand (DOH) for Gentex Corporation has shown fluctuations over the periods analyzed. The trend indicates an increase in inventory holding days from March 31, 2020, to June 30, 2022, reaching a peak of 111.77 days. This may suggest challenges in managing inventory levels efficiently during this period.

However, there was a slight decrease in DOH by September 30, 2022, followed by a more significant decline until December 31, 2023, where the DOH reached its lowest point of 88.02 days. This improvement suggests potential efforts in inventory management to reduce holding periods.

Subsequently, the DOH showed a slight increase by March 31, 2024, but remained relatively stable around the range of 90 to 100 days until December 31, 2024. Overall, Gentex Corporation should continue monitoring and optimizing its inventory levels to ensure efficient operations and cost management.