Lumentum Holdings Inc (LITE)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.18 | 3.87 | 3.31 | 3.78 | 4.20 | 4.03 | 4.33 | 3.91 | 5.11 | 5.61 | 5.99 | 6.03 | 6.48 | 4.90 | 5.15 | 5.13 | 5.91 | 7.87 | 7.62 | 6.24 | |
| DOH | days | 114.77 | 94.28 | 110.21 | 96.49 | 86.81 | 90.49 | 84.31 | 93.46 | 71.48 | 65.01 | 60.90 | 60.48 | 56.30 | 74.43 | 70.86 | 71.20 | 61.76 | 46.37 | 47.93 | 58.49 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.18
= 114.77
The days of inventory on hand (DOH) for Lumentum Holdings Inc has fluctuated over the past few quarters. The company's DOH ranged from a low of 46.37 days as of September 30, 2019, to a high of 114.77 days as of June 30, 2024.
The increase in DOH from prior quarters could indicate that Lumentum Holdings Inc is carrying excess inventory, which may tie up working capital and lead to higher holding costs. Conversely, a decrease in DOH suggests that the company is managing its inventory more efficiently.
Overall, it is important for Lumentum Holdings Inc to carefully monitor and optimize its inventory levels to strike a balance between meeting customer demand and avoiding unnecessary holding costs.
Peer comparison
Jun 30, 2024