Intel Corporation (INTC)

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		3.34	3.41	3.34	3.21	3.34	2.59	2.64	2.59	3.12	4.51	5.00	5.23	4.93	4.38	4.48	4.11	4.18	4.11	3.95	4.41
DOH	days	109.35	107.13	109.41	113.68	109.30	140.97	138.12	140.88	117.15	80.87	73.04	69.82	74.11	83.27	81.47	88.92	87.28	88.71	92.29	82.73

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.34
= 109.35

The days of inventory on hand (DOH) for Intel Corporation has varied over the past 5 years, indicating fluctuations in the company's inventory management efficiency. In the most recent quarter, as of December 31, 2023, Intel had an average of 109.35 days of inventory on hand, which is in line with the previous quarter at 107.13 days.

Looking back further, there was a notable spike in DOH in the third quarter of 2022, reaching 140.97 days, suggesting a potential inventory management issue during that period. However, this was followed by a decrease in the subsequent quarters, indicating corrective actions taken by the company.

Overall, Intel's DOH has shown a mix of highs and lows in recent years, with a general trend towards better inventory management efficiency in the most recent quarters. It will be essential for the company to continue monitoring and optimizing its inventory levels to maintain operational effectiveness and profitability.