Proto Labs Inc (PRLB)

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 32.40 31.89 30.41 30.52 31.64 29.05 28.40 29.26 31.17 39.91 40.06 35.49 31.38 32.90 32.33 33.60 34.72 37.10 35.67 36.12
DOH days 11.27 11.44 12.00 11.96 11.53 12.56 12.85 12.48 11.71 9.15 9.11 10.29 11.63 11.09 11.29 10.86 10.51 9.84 10.23 10.11

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 32.40
= 11.27

Proto Labs Inc's days of inventory on hand (DOH) has shown a downward trend over the past eight quarters, indicating an improvement in inventory management efficiency. The company has successfully reduced the number of days it takes to convert its inventory into sales, from a high of 19.90 days in Q3 2022 to a low of 17.68 days in Q4 2023. This signifies that Proto Labs has been able to optimize its inventory levels, potentially leading to lower carrying costs and a more agile supply chain. Overall, the decreasing trend in DOH suggests that the company is managing its inventory effectively and efficiently.


Peer comparison

Dec 31, 2023

Company name
Symbol
DOH
Proto Labs Inc
PRLB
11.27
Arcosa Inc
ACA
78.67
Valmont Industries Inc
VMI
62.53