Proto Labs Inc (PRLB)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 22.57 | 20.64 | 20.10 | 20.17 | 19.94 | |
| DOH | days | 16.17 | 17.68 | 18.16 | 18.10 | 18.31 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 22.57
= 16.17
Proto Labs Inc's days of inventory on hand (DOH) has been relatively stable over the past five years, ranging from 16.17 days to 18.31 days. A lower DOH indicates that the company is able to sell its inventory faster, which may imply efficient inventory management and good sales forecasting. The decreasing trend in DOH from 18.31 days in 2020 to 16.17 days in 2024 suggests that Proto Labs Inc has been improving its inventory turnover rate and managing its inventory levels more effectively over time. This may lead to lower holding costs and potentially higher profitability.
Peer comparison
Dec 31, 2024
Company name
Symbol
DOH
Proto Labs Inc
PRLB
16.17
Arcosa Inc
ACA
63.93
Valmont Industries Inc
VMI
60.44