Lattice Semiconductor Corporation (LSCC)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		3.71	3.03	4.46	4.13	4.86
DOH	days	98.51	120.41	81.86	88.42	75.03

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.71
= 98.51

The days of inventory on hand (DOH) for Lattice Semiconductor Corporation have fluctuated over the past five years. In 2023, the company had 98.51 days worth of inventory on hand, which represents a decrease from the previous year's 120.41 days. This implies the company held inventory for a shorter period in 2023 compared to 2022.

Compared to 2021, the DOH increased in 2022, indicating that the company held inventory for a longer period in 2022. However, in 2021, the DOH was lower at 81.86 days, suggesting more efficient inventory management compared to the following years.

In 2020 and 2019, the DOH was 88.42 days and 75.03 days, respectively. The upward trend from 2019 to 2022 indicates a potential inefficiency in inventory management during those years. However, the decrease in DOH in 2023 may suggest improved inventory management practices.

Overall, the analysis of Lattice Semiconductor Corporation's DOH indicates fluctuations in inventory management efficiency over the past few years, with efforts potentially being made to optimize inventory levels in 2023.