MKS Instruments Inc (MKSI)

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		4.98	4.95	4.84	2.79	2.81	2.51	3.15	3.35	3.63	3.69	3.69	3.55	3.48	3.38	3.27	3.31	3.37	3.23	3.07	3.13
DOH	days	73.25	73.78	75.40	130.82	130.01	145.50	115.95	108.84	100.44	98.92	98.95	102.69	104.87	107.94	111.68	110.37	108.32	112.96	118.78	116.55

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.98
= 73.25

The days of inventory on hand (DOH) for MKS Instruments Inc have shown some fluctuations over the past few quarters. The company's DOH ranged from 73.25 days to 130.82 days in 2023, indicating some variability in managing inventory levels.

In the latest quarter, as of December 31, 2023, the DOH was at 73.25 days, which suggests that the company held inventory for approximately 73 days before selling it. This is a decrease from the previous quarter and may indicate improved inventory management efficiency during that period.

On the other hand, in the first quarter of 2023, the DOH spiked to 130.82 days, indicating that the company held inventory for a much longer period before turning it into sales. This could be due to factors such as overstocking, decreasing demand, or supply chain disruptions.

Overall, fluctuations in the DOH metric for MKS Instruments Inc highlight the importance of monitoring inventory levels closely to optimize working capital and ensure efficient operations. Additional analysis of inventory turnover and sales trends could provide further insights into the company's inventory management practices.