Skyworks Solutions Inc (SWKS)

Days of inventory on hand (DOH)

		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	Dec 31, 2019
Inventory turnover		3.13	3.16	3.19	2.88	2.38	2.97	2.95	2.97	3.21	3.06	3.53	3.79	3.53	3.35	3.46	3.28	2.55	2.79	3.09	3.35
DOH	days	116.58	115.39	114.28	126.77	153.35	122.93	123.64	122.85	113.81	119.36	103.34	96.43	103.32	108.83	105.60	111.40	142.97	130.64	118.27	109.09

September 30, 2024 calculation

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

Based on the data provided, Skyworks Solutions Inc's Days of Inventory on Hand (DOH) has shown some fluctuations over the past few quarters. The DOH figure indicates the average number of days that inventory is held before being sold or used.

In the most recent quarter, ending Sep 30, 2024, the company had 116.58 days of inventory on hand, which shows a slight increase compared to the previous quarter. This could imply that the company is carrying slightly more inventory relative to its sales levels.

Looking back over the past few quarters, there have been fluctuations in the DOH metric. In some quarters, such as in Dec 31, 2021, Mar 31, 2022, and Jun 30, 2023, the DOH was relatively lower, indicating more efficient management of inventory levels. Conversely, in quarters like Sep 30, 2023, and Dec 31, 2020, the DOH was higher, which could suggest potential inefficiencies in managing inventory or slower sales turnover.

Overall, it is essential for Skyworks Solutions Inc to monitor its inventory levels closely to ensure optimal balance between having enough inventory to meet demand and minimizing excess inventory holding costs. The company may consider strategies to improve inventory turnover and management efficiency to enhance its financial performance.