Lumentum Holdings Inc (LITE)
Days of inventory on hand (DOH)
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.52 | 2.70 | 2.89 | 2.88 | 2.87 | 2.73 | 2.28 | 2.60 | 2.89 | 2.78 | 3.04 | 2.77 | 3.69 | 4.08 | 4.42 | 4.49 | 4.89 | 4.57 | 4.70 | 4.67 | |
| DOH | days | 144.79 | 135.35 | 126.28 | 126.57 | 127.01 | 133.53 | 159.77 | 140.16 | 126.46 | 131.51 | 120.21 | 131.90 | 98.79 | 89.56 | 82.63 | 81.31 | 74.70 | 79.88 | 77.66 | 78.15 |
June 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.52
= 144.79
The days of inventory on hand (DOH) for Lumentum Holdings Inc. demonstrates notable fluctuations over the analyzed period from September 30, 2020, through June 30, 2025. Initially, the DOH was approximately 78.15 days in September 2020, indicating that the company held inventory for just over two and a half months. Throughout 2020 and early 2021, the DOH remained relatively stable, oscillating around the mid to high seventy-day range, with minor variations such as a slight decrease to 74.70 days in June 2021 and an increase to 82.63 days by the end of 2021.
Beginning in early 2022, a significant upward trend in the DOH is observed. By March 2022, the figure reached 89.56 days, followed by a sharp increase to nearly 99 days in June 2022. The upward trajectory continued aggressively through the latter half of 2022, peaking at approximately 132 days at the end of September 2022, and then fluctuating between roughly 120 to 140 days through the end of 2023.
This substantial elongation in inventory holding periods suggests that the company experienced difficulties in inventory turnover or faced shifts in inventory management strategies, possibly reflecting excess inventory accumulation, supply chain disruptions, changing product demand, or strategic stockpiling. The highest recorded DOH during this timeframe was approximately 159.77 days at the end of December 2023.
Subsequent quarters display a gradual reduction in DOH levels, with figures around 133.53 days by March 2024 and further declining to approximately 126.57 days by September 2024. The trend of decreasing DOH continued into 2025, reaching about 135.35 days in March and rising slightly to 144.79 days by June 2025.
Overall, the data indicates a substantial lengthening of inventory holding periods starting in 2022, peaking in late 2023, followed by a partial normalization trend extending into mid-2025. This pattern reflects a period of inventory accumulation and subsequent efforts to optimize inventory levels.
Peer comparison
Jun 30, 2025