Littelfuse Inc (LFUS)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.41 | 3.17 | 3.25 | 3.24 | 3.12 | 3.12 | 2.90 | 2.69 | 2.75 | 2.75 | 2.82 | 2.91 | 2.93 | 3.41 | 3.52 | 3.48 | 3.67 | 3.73 | 3.58 | 4.11 | |
| DOH | days | 106.90 | 115.15 | 112.25 | 112.72 | 117.17 | 117.01 | 125.86 | 135.59 | 132.65 | 132.57 | 129.48 | 125.42 | 124.37 | 107.07 | 103.81 | 104.81 | 99.48 | 97.90 | 102.09 | 88.77 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.41
= 106.90
Days of Inventory on Hand (DOH) is a financial ratio that measures the average number of days it takes for a company to sell its inventory. A lower DOH value indicates that the company is able to turn over its inventory quickly, which is generally favorable as it reduces carrying costs and the risk of inventory obsolescence.
Analyzing the DOH trend of Littelfuse Inc from March 31, 2020, to December 31, 2024, we observe the following:
- The DOH increased from 88.77 days on March 31, 2020, to a peak of 135.59 days on March 31, 2023, signaling a significant slowdown in inventory turnover.
- Subsequently, there was a gradual decline in DOH, reaching 106.90 days on December 31, 2024. This decrease indicates an improvement in inventory management efficiency.
- The highest DOH value was recorded on March 31, 2023, at 135.59 days, suggesting a potential need for Littelfuse Inc to address inventory management challenges during that period.
- Conversely, the lowest DOH value was reported on March 31, 2020, at 88.77 days, indicating a more efficient inventory turnover rate at the beginning of the analyzed period.
Overall, Littelfuse Inc experienced fluctuations in its DOH over the analyzed period, with inventory turnover initially slowing down but gradually improving towards the end of the period. The company may need to continue monitoring and optimizing its inventory management practices to maintain efficient operations and maximize profitability.
Peer comparison
Dec 31, 2024