Teledyne Technologies Incorporated (TDY)

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		3.59	3.34	3.31	3.46	3.48	3.32	3.28	3.33	3.51	3.78	3.84	3.79	3.68	2.92	2.43	5.81	5.49	5.25	4.96	4.86
DOH	days	101.61	109.13	110.14	105.62	104.80	109.88	111.26	109.71	103.92	96.45	94.93	96.43	99.11	124.80	150.18	62.84	66.53	69.58	73.58	75.12

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.59
= 101.61

The days of inventory on hand (DOH) for Teledyne Technologies Incorporated have shown fluctuations over the past few years. The trend indicates that the company's ability to manage its inventory levels has varied.

From March 31, 2020, to March 31, 2021, the DOH decreased steadily from 75.12 days to 62.84 days, indicating improved efficiency in inventory management. However, a significant spike was observed on June 30, 2021, with DOH surging to 150.18 days, suggesting potential inventory management challenges or disruptions.

Subsequently, there was a downward trend in DOH by December 31, 2021, improving to 99.11 days. This downward trajectory continued into the following year, reaching a low of 94.93 days on June 30, 2022. However, from September 30, 2022, to June 30, 2024, the DOH remained relatively stable, fluctuating between 96.45 days and 110.14 days.

Overall, the company should strive to maintain a balance in its inventory levels to ensure optimal efficiency and minimize carrying costs. Further analysis of the underlying factors driving these fluctuations in inventory turnover may provide insights for improving operational performance and working capital management.