Intel Corporation (INTC)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.58 | 3.41 | 4.29 | 5.03 | 4.18 | |
| DOH | days | 101.93 | 107.03 | 85.10 | 72.56 | 87.28 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.58
= 101.93
Intel Corporation's days of inventory on hand (DOH) has shown variability over the past five years. The DOH increased from 87.28 days in 2019 to 101.93 days in 2023, reaching its peak in the given period. This indicates that Intel is holding inventory for a longer period before it is sold. In 2020, there was a significant decrease in DOH to 72.56 days, which may suggest more efficient inventory management. However, this trend reversed in the following years as the DOH increased again in 2021 and 2022. Overall, Intel's DOH has been on an upward trajectory, which could imply possible challenges in managing inventory levels efficiently and could impact the company's liquidity and profitability.
Peer comparison
Dec 31, 2023