Littelfuse Inc (LFUS)
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 | 3.78 | 3.81 | 3.54 | 3.27 | 3.50 | 3.48 | 3.54 | 3.63 | 3.65 | 3.33 | 3.37 | 3.38 | 3.54 | 3.77 | 3.64 | 4.06 | 4.04 | 3.98 | 3.94 | 4.01 | |
| DOH | days | 96.65 | 95.80 | 103.24 | 111.71 | 104.26 | 104.82 | 102.97 | 100.50 | 99.90 | 109.71 | 108.16 | 108.11 | 102.99 | 96.77 | 100.39 | 89.82 | 90.39 | 91.64 | 92.70 | 91.08 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.78
= 96.65
Days of Inventory on Hand (DOH) is a financial ratio that measures how many days, on average, a company holds its inventory before selling it. A lower DOH indicates that a company is more efficient in managing its inventory levels.
Analyzing Littelfuse Inc's DOH over the past few quarters, we observe some fluctuations. In the most recent quarter ending December 31, 2023, the company held inventory for an average of 96.65 days, which was slightly higher compared to the previous quarter but lower than the peak in the first quarter of 2023.
Over the past two years, Littelfuse Inc has shown some variability in its inventory holding period, with DOH ranging from around 89 to 111 days. This variability may reflect changes in demand, production efficiency, or inventory management strategies within the company.
It would be beneficial for the company to continue monitoring and optimizing its inventory levels to ensure they are aligned with sales levels and market demands. A decreasing trend in DOH over time would indicate improved efficiency in managing inventory, leading to potential cost savings and better overall profitability for Littelfuse Inc.
Peer comparison
Dec 31, 2023