Lattice Semiconductor Corporation (LSCC)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		1.63	2.25	1.89	2.86	2.52
DOH	days	223.34	162.13	193.40	127.40	144.82

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.63
= 223.34

The days of inventory on hand (DOH) for Lattice Semiconductor Corporation have fluctuated over the past five years. In December 31, 2020, the company held inventory for an average of 144.82 days before it was sold. This decreased to 127.40 days by December 31, 2021, indicating a more efficient management of inventory. However, by December 31, 2022, the DOH increased significantly to 193.40 days, suggesting a slower turnover of inventory.

The trend continued to December 31, 2023, with the DOH at 162.13 days, showing some improvement from the previous year but still higher compared to 2021. The following year, on December 31, 2024, the DOH reached 223.34 days, which indicates a substantial increase in the time it takes for the company to convert its inventory into sales.

Overall, the increasing trend in the days of inventory on hand for Lattice Semiconductor Corporation could indicate potential issues with inventory management efficiency, such as overstocking or slowing demand for products. It is essential for the company to monitor and address this trend to optimize its working capital and enhance financial performance.