Materion Corporation (MTRN)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		2.60	3.21	3.22	3.13	3.40	3.33	3.37	3.65	3.81	3.80	2.69	1.71	0.49	0.26	0.39	0.52	0.69	0.54	0.49	0.43
DOH	days	140.36	113.71	113.25	116.55	107.24	109.68	108.23	100.01	95.91	96.09	135.93	213.39	752.35	1,384.99	925.25	696.83	532.64	679.99	744.36	845.78

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.60
= 140.36

Days of Inventory on Hand (DOH) is an important financial ratio that indicates the average number of days a company takes to sell its inventory. For Materion Corporation, the DOH fluctuated significantly over the observed periods.

From March 31, 2020, to March 31, 2022, Materion's DOH showed a decreasing trend, indicating an improvement in inventory management efficiency. However, from March 31, 2022, to September 30, 2021, the DOH increased drastically, reaching a peak of 1,384.99 days on September 30, 2021, suggesting potential issues with inventory control and turnover rate during that period.

From September 30, 2021, to December 31, 2024, the DOH fluctuated within a narrower range, with occasional ups and downs. The ratio spiked to 140.36 days on December 31, 2024, indicating a possible increase in inventory levels relative to sales during that quarter.

Overall, Materion Corporation's DOH trend displays periods of both improvement and deterioration in inventory management efficiency. It is essential for the company to closely monitor and manage its inventory levels to ensure optimal balance between holding costs and stock availability.