Photronics Inc (PLAB)

Days of inventory on hand (DOH)

		Jan 28, 2024	Oct 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 31, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 31, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Oct 31, 2019	Jul 28, 2019	Apr 28, 2019
Inventory turnover		12.47	12.58	11.07	11.11	8.59	8.83	8.92	7.54	9.19	10.12	10.28	9.56	9.39	9.31	9.74	9.14	10.34	10.11	11.53	12.72
DOH	days	29.26	29.01	32.98	32.86	42.48	41.33	40.94	48.40	39.70	36.08	35.50	38.19	38.88	39.20	37.46	39.95	35.29	36.11	31.65	28.70

January 28, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.47
= 29.26

The days of inventory on hand (DOH) for Photronics, Inc. have shown some fluctuations over the past few quarters. In Q1 2024, the company had an average of 33.15 days of inventory on hand, which was slightly higher than the previous quarter's 32.80 days. This indicates that the company held inventory for a slightly longer period in Q1 2024 compared to Q4 2023.

Looking back further, there was a notable decrease in inventory holding period from Q3 2023 to Q4 2023, where the DOH decreased from 37.20 days to 32.80 days. This suggests that the company managed its inventory more efficiently during that period.

Comparing the current DOH to the same quarter of the previous year, Q1 2023, the inventory holding period has also decreased from 35.99 days to 33.15 days. This indicates an improvement in inventory management efficiency over the year.

Overall, while there have been some fluctuations in the days of inventory on hand for Photronics, Inc., the trend seems to show a slight improvement in inventory management efficiency over the past few quarters. It would be important for the company to continue monitoring and optimizing its inventory levels to ensure efficient operations and minimize holding costs.