Knowles Cor (KN)
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 | 2.22 | 2.29 | 2.23 | 2.07 | 2.72 | 2.42 | 2.64 | 2.85 | 3.32 | 3.38 | 3.21 | 3.57 | 3.77 | 3.02 | 3.05 | 3.23 | 3.71 | 3.38 | 3.23 | 3.15 | |
| DOH | days | 164.53 | 159.73 | 163.61 | 176.00 | 134.41 | 150.52 | 138.41 | 128.26 | 109.87 | 107.96 | 113.80 | 102.18 | 96.75 | 120.76 | 119.68 | 113.04 | 98.43 | 108.00 | 113.16 | 115.87 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.22
= 164.53
Knowles Corp's Days of Inventory on Hand (DOH) has shown a varying trend over the past eight quarters. In Q1 2022, the DOH stood at 128.26 days, which increased to 138.41 days in Q2 2022 before decreasing in Q3 2022 to 150.52 days. However, there was a significant decrease in Q4 2022 to 135.61 days.
Subsequently, in Q1 2023, there was a notable increase in DOH to 177.69 days, suggesting a build-up in inventory levels. This was followed by a decrease in Q2 2023 to 165.20 days and further improvement in Q3 2023 to 161.30 days. The latest available data for Q4 2023 indicates a DOH of 164.61 days.
Overall, the fluctuations in DOH indicate changes in inventory management efficiency over the quarters. A higher DOH may indicate excess inventory levels, tying up working capital and potentially leading to obsolescence risks. Conversely, a lower DOH may suggest efficient inventory turnover but could also point to potential stockouts impacting customer service. It would be beneficial for Knowles Corp to continually monitor and optimize its inventory management practices to strike a balance between cost efficiency and customer satisfaction.
Peer comparison
Dec 31, 2023