Knowles Cor (KN)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.70 | 3.34 | 2.88 | 3.32 | 3.79 | |
| DOH | days | 135.14 | 109.28 | 126.67 | 109.87 | 96.30 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.70
= 135.14
The days of inventory on hand (DOH) for Knowles Cor have shown some fluctuations over the past five years. In December 2020, the company had 96.30 days worth of inventory on hand, which increased to 109.87 days by December 2021. This trend continued as the DOH reached 126.67 days by December 2022, indicating that the company was holding more inventory for a longer period.
However, there was a slight decrease in the days of inventory on hand in December 2023, falling to 109.28 days from the previous year. This could suggest that the company managed its inventory levels more effectively or experienced increased sales during that period.
By December 2024, the DOH rose to 135.14 days, signifying that Knowles Cor was holding even more inventory relative to its sales volume. This prolonged inventory holding period may indicate potential inefficiencies in inventory management or issues with demand forecasting.
Overall, the fluctuation in Knowles Cor's days of inventory on hand over the five-year period suggests varying inventory management practices and potential impacts on the company's working capital and operational efficiency. Further analysis of the reasons behind these changes could provide insights into the company's inventory control strategies and overall financial health.
Peer comparison
Dec 31, 2024