KLA-Tencor Corporation (KLAC)
Days of inventory on hand (DOH)
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.43 | 1.29 | 1.47 | 1.67 | 1.76 | |
| DOH | days | 255.93 | 281.99 | 248.92 | 218.13 | 207.42 |
June 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.43
= 255.93
The analysis of KLA-Tencor Corporation's days of inventory on hand (DOH) reveals a consistent upward trend over the specified period from June 30, 2021, through June 30, 2025. Specifically, the DOH increased from 207.42 days in 2021 to 218.13 days in 2022, indicating a slight lengthening in the duration that inventory remains on hand. This trend continues more markedly in 2023, with the DOH reaching 248.92 days, reflecting a significant increase in inventory holding period. The upward trajectory persists into 2024, where the DOH climbs further to 281.99 days, suggesting an even longer inventory cycle. In 2025, the DOH slightly decreases to 255.93 days but remains substantially elevated compared to 2021 levels.
Overall, the data indicates a noteworthy elongation in inventory holding periods over the four-year span, which could imply inventory build-up or a shift in inventory management strategies. This trend warrants further investigation into underlying factors such as changes in supply chain dynamics, product mix, or demand fluctuations within the semiconductor equipment industry, of which KLA-Tencor is a key participant.
Peer comparison
Jun 30, 2025