MKS Instruments Inc (MKSI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.26 | 5.04 | 2.83 | 3.63 | 3.47 | |
| DOH | days | 111.82 | 72.49 | 128.97 | 100.44 | 105.08 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.26
= 111.82
The Days of Inventory on Hand (DOH) ratio for MKS Instruments Inc has exhibited fluctuations over the past five years. In December 2020, the company held inventory for an average of 105.08 days before selling it, which decreased slightly to 100.44 days by December 2021. However, there was a significant increase in DOH to 128.97 days by December 2022, indicating a longer period of time required to sell off inventory.
Subsequently, there was a notable improvement in the efficiency of inventory management as the DOH decreased to 72.49 days by December 2023, suggesting the company was able to sell its inventory more quickly. However, there was another increase in DOH to 111.82 days by the end of December 2024, signifying a longer holding period for inventory.
Overall, the trend in MKS Instruments Inc's DOH indicates variability in inventory management efficiency over the past five years, with the company experiencing periods of both improvement and deterioration in this aspect. Further analysis of the underlying reasons for these fluctuations could provide insights into the company's operational effectiveness and financial performance.
Peer comparison
Dec 31, 2024