Lattice Semiconductor Corporation (LSCC)

Days of inventory on hand (DOH)

		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	Jun 30, 2019	Mar 31, 2019
Inventory turnover		3.36	3.14	2.90	2.69	3.08	3.58	3.20	3.28	3.34	6.20	6.86	7.41	6.73	3.99	4.87	5.38	4.79	3.93	3.25	2.97
DOH	days	108.51	116.06	126.07	135.46	118.41	102.04	114.13	111.42	109.24	58.83	53.19	49.28	54.20	91.42	74.94	67.90	76.27	92.83	112.25	122.91

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.36
= 108.51

The days of inventory on hand (DOH) for Lattice Semiconductor Corporation have shown fluctuation over the past few quarters. In the most recent quarter, ending December 31, 2023, the company held inventory for an average of 108.51 days, which is higher compared to the previous quarter at 116.06 days.

Looking at the trend over the past year, there has been a general increase in DOH, indicating a potential increase in inventory levels or slower inventory turnover. The DOH has varied between 49.28 days (ending June 30, 2021) to 135.46 days (ending March 31, 2023) during this period.

A higher DOH suggests that the company may be facing challenges in managing its inventory efficiently, which could tie up capital and lead to higher carrying costs. It may also indicate slower sales or potential obsolescence risks if the inventory is not moving quickly enough.

Further analysis and comparison with industry benchmarks would provide a more holistic understanding of Lattice Semiconductor Corporation's inventory management efficiency and its implications on the overall operational performance and financial health of the company.