Onto Innovation Inc (ONTO)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.64 | 1.21 | 1.44 | 1.48 | 1.45 | |
| DOH | days | 221.92 | 302.41 | 254.02 | 246.61 | 251.02 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.64
= 221.92
The Days of Inventory on Hand (DOH) for Onto Innovation Inc has shown some fluctuation over the past five years. Starting at 251.02 days on December 31, 2020, it decreased slightly to 246.61 days by December 31, 2021. However, there was an increase in DOH to 254.02 days by December 31, 2022. The significant increase to 302.41 days on December 31, 2023 may indicate potential issues with inventory management or a slowdown in sales. The most recent data point on December 31, 2024, shows a decrease in DOH to 221.92 days, which could be a positive sign of improved inventory control. Overall, Onto Innovation Inc may need to closely monitor and adjust its inventory levels to optimize cash flow and operational efficiency.
Peer comparison
Dec 31, 2024