Semtech Corporation (SMTC)

Days of inventory on hand (DOH)

		Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Jan 26, 2020
Inventory turnover		11.76	2.89	3.93	4.60	5.38
DOH	days	31.02	126.12	92.90	79.35	67.86

January 28, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.76
= 31.02

The days of inventory on hand (DOH) for Semtech Corporation have fluctuated over the past five years. In the most recent fiscal year, as of January 28, 2024, the company had 31.02 days worth of inventory on hand, indicating an efficient management of inventory levels. This is a significant improvement compared to the prior year, where the DOH was substantially higher at 126.12 days.

Looking further back, the trend shows that the DOH was 92.90 days as of January 30, 2022, 79.35 days as of January 31, 2021, and 67.86 days as of January 26, 2020. The decreasing trend in DOH over the years suggests that Semtech has been able to better manage its inventory levels and reduce the time it takes to sell its products, which is a positive indication of operational efficiency.

Overall, the declining trend in days of inventory on hand for Semtech Corporation reflects the company's effective inventory management practices and ability to control its inventory levels in a more efficient manner over the years.