Proto Labs Inc (PRLB)
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 | 22.57 | 22.32 | 22.67 | 21.85 | 20.64 | 20.26 | 19.31 | 19.38 | 20.10 | 18.75 | 18.34 | 19.19 | 20.17 | 25.46 | 25.54 | 22.22 | 19.94 | 21.08 | 20.82 | 21.50 | |
| DOH | days | 16.17 | 16.35 | 16.10 | 16.70 | 17.68 | 18.02 | 18.90 | 18.83 | 18.16 | 19.46 | 19.90 | 19.02 | 18.10 | 14.34 | 14.29 | 16.43 | 18.31 | 17.31 | 17.53 | 16.98 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 22.57
= 16.17
Proto Labs Inc's days of inventory on hand (DOH) has shown some fluctuations over the periods indicated in the data. The trend indicates that the company has generally been able to manage its inventory efficiently. In the most recent period, as of December 31, 2024, Proto Labs Inc had a DOH of 16.17 days, which suggests that the company is able to sell its inventory in approximately 16 days. This figure has been relatively consistent over the last few quarters, reflecting stability in the management of inventory levels.
It is worth noting that there was a slight increase in DOH from June 30, 2024 to September 30, 2024, followed by a slight decrease in the subsequent quarter. However, these fluctuations have not been significant and are within a reasonable range.
Overall, Proto Labs Inc's DOH trend indicates a balanced approach to inventory management, where the company is neither carrying excessive inventory nor facing shortages that could impact its ability to fulfill customer orders in a timely manner. Monitoring this ratio in conjunction with other operational metrics can provide a more comprehensive view of the company's efficiency in managing its working capital and operations.
Peer comparison
Dec 31, 2024