Skyworks Solutions Inc (SWKS)

Days of inventory on hand (DOH)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Inventory turnover		3.13	2.38	3.21	3.53	2.55
DOH	days	116.58	153.35	113.81	103.32	142.98

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.13
= 116.58

Skyworks Solutions Inc's Days of Inventory on Hand (DOH) has shown fluctuations over the past five years. The trend indicates that the company has experienced some variability in managing its inventory levels.

In 2024, Skyworks Solutions had an average of 116.58 days of inventory on hand, which is a significant improvement from the prior year when it had 153.35 days on hand. This suggests that the company was able to better manage its inventory levels in 2024, potentially by improving its inventory management practices or forecasting accuracy.

Comparing the 2024 DOH to the figures from previous years, it is notable that the DOH is slightly higher than in 2022 (113.81 days) and 2021 (103.32 days), but considerably lower than in 2020 (142.98 days). This variation in inventory holding period may indicate changes in sales volume, production processes, or supply chain management strategies over the years.

Overall, while the 2024 DOH is an improvement from the previous year, Skyworks Solutions Inc may benefit from further optimizing its inventory management practices to ensure efficient use of resources and enhance profitability.