Littelfuse Inc (LFUS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.00 | 3.50 | 3.65 | 4.77 | 5.24 | |
| DOH | days | 91.20 | 104.26 | 99.90 | 76.51 | 69.71 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.00
= 91.20
Littelfuse Inc's Days of Inventory on Hand (DOH) has shown a fluctuating trend over the past five years, as indicated by the data. The company's DOH stood at 91.20 days at the end of 2023, representing a decrease from 104.26 days in 2022. This reduction suggests that Littelfuse Inc was able to manage its inventory more efficiently in 2023 compared to the previous year.
Analyzing further back, the DOH was higher at 99.90 days in 2021 and 76.51 days in 2020, indicating a significant decrease in inventory holding periods during 2020. The lowest DOH value in the dataset was recorded in 2019 at 69.71 days.
Overall, a decreasing trend in DOH typically indicates that the company is improving its inventory management by selling goods more quickly or holding lower levels of inventory. However, it is essential for Littelfuse Inc to strike a balance between managing inventory levels efficiently to reduce costs while ensuring sufficient inventory to meet customer demand effectively.
Peer comparison
Dec 31, 2023