Teledyne Technologies Incorporated (TDY)

Days of inventory on hand (DOH)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		4.67	4.44	4.38	4.42	5.10	5.55	5.64	5.64	5.42	4.19	3.46	7.97	7.58	7.28	6.90	6.80	6.84	6.50	6.59	6.47
DOH	days	78.21	82.29	83.41	82.61	71.57	65.79	64.74	64.68	67.34	87.05	105.60	45.80	48.13	50.15	52.88	53.71	53.35	56.19	55.41	56.45

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.67
= 78.21

The days of inventory on hand (DOH) for Teledyne Technologies Inc have shown a fluctuating trend over the past eight quarters. The DOH ranged from a low of 94.93 days in Q2 2022 to a peak of 111.26 days in Q2 2023. Overall, the company appears to have a relatively stable inventory management strategy, with DOH staying within a range of 94.93 to 111.26 days.

The increase in DOH from Q2 2022 to Q2 2023 indicates that the company may be holding onto inventory for a longer period, which could tie up working capital and lead to potential obsolescence risks. On the other hand, a lower DOH, such as in Q2 2022, suggests efficient inventory turnover and quicker sales, potentially leading to reduced carrying costs.

It would be beneficial for Teledyne Technologies Inc to further analyze the reasons behind the fluctuations in DOH and evaluate whether adjustments to inventory management practices are necessary to optimize working capital and ensure efficient inventory turnover.