Kulicke and Soffa Industries Inc (KLIC)

Days of inventory on hand (DOH)

		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	Dec 31, 2019
Inventory turnover		2.46	2.57	2.52	1.64	1.77	1.89	2.28	2.86	4.08	3.97	4.26	4.62	4.90	4.28	3.63	3.18	2.91	2.72	2.81	2.91
DOH	days	148.29	142.30	145.06	222.76	206.64	193.09	159.95	127.64	89.39	91.83	85.66	78.94	74.42	85.38	100.61	114.82	125.49	134.11	130.01	125.46

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.46
= 148.29

The days of inventory on hand (DOH) for Kulicke and Soffa Industries Inc has shown some fluctuations over the past years. The trend indicates that the company has experienced an increase in their DOH in the most recent quarters, reaching 148.29 days as of September 30, 2024, which is historically higher compared to previous quarters.

This increase in DOH may suggest that the company is holding more inventory relative to its sales volume. This could potentially tie up more capital in inventory, leading to higher carrying costs and potential obsolescence risks. However, a higher DOH can also indicate a robust inventory management strategy aimed at ensuring product availability and customer satisfaction.

It is important for Kulicke and Soffa Industries Inc to analyze the reasons behind the increase in DOH and evaluate whether it aligns with the company's sales growth and overall business strategy. Monitoring and managing inventory levels efficiently can help optimize working capital and improve the company's overall financial performance.