Knowles Cor (KN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.16 | 2.88 | 3.32 | 3.79 | 3.72 | |
| DOH | days | 168.99 | 126.67 | 109.87 | 96.30 | 98.25 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.16
= 168.99
The Days of Inventory on Hand (DOH) for Knowles Corp has been gradually increasing over the past five years. In 2019, the company held inventory for an average of 98.57 days, which increased to 96.75 days in 2020. The trend continued with inventory on hand for 109.87 days in 2021 and 135.61 days in 2022. Notably, by the end of 2023, the DOH had further increased to 164.61 days.
This upward trend in DOH indicates that Knowles Corp is holding inventory for a longer period, which may tie up working capital and increase the risk of inventory obsolescence. It's important for the company to closely monitor its inventory levels and implement effective inventory management strategies to optimize cash flow and improve overall operational efficiency.
Peer comparison
Dec 31, 2023