Teledyne Technologies Incorporated (TDY)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		5.14	5.17	5.58	7.75	7.06
DOH	days	70.96	70.59	65.41	47.09	51.73

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.14
= 70.96

The days of inventory on hand (DOH) for Teledyne Technologies Inc have shown variations over the past five years. The company had a DOH of 74.78 days at the end of 2019, which increased to 66.53 days by the beginning of 2021, indicating that the company was holding inventory for a shorter period in 2021 compared to 2019. However, there was a significant increase in DOH to 99.11 days by the beginning of 2022, suggesting that Teledyne held inventory for a longer period in 2022.

Subsequently, the DOH further increased to 103.92 days by the beginning of 2023 and peaked at 104.80 days by the end of 2023. The trend of increasing DOH over the past two years could imply potential challenges in managing inventory levels efficiently, leading to increased carrying costs and potential risks of obsolete inventory.

Further analysis and comparison with industry standards and competitors could provide more insights into the effectiveness of Teledyne's inventory management practices and the company's overall operational efficiency.