Ichor Holdings Ltd (ICHR)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		2.98	2.88	3.77	3.89	5.86
DOH	days	122.42	126.81	96.93	93.74	62.31

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.98
= 122.42

Ichor Holdings Ltd's days of inventory on hand (DOH) have shown an increasing trend over the past five years. The DOH was 62.31 days as of December 31, 2020, which gradually rose to 93.74 days by December 31, 2021. This upward trajectory continued in the subsequent years, reaching 96.93 days by December 31, 2022, and further climbing to 126.81 days by December 31, 2023. By the end of the most recent period on December 31, 2024, the DOH was slightly lower at 122.42 days, though it still remained at elevated levels compared to the initial years of the analyzed period. This prolonged length of time that inventory sits on hand before being sold may indicate potential inefficiencies or challenges in managing inventory levels or a possible declining demand for the company's products. Additional analysis and comparison with industry benchmarks would be beneficial to fully assess the implications of these DOH figures on Ichor Holdings Ltd's operational efficiency and financial performance.