TE Connectivity Ltd (TEL)
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 | 4.94 | 4.66 | 4.59 | 4.63 | 5.13 | 4.77 | 4.76 | 4.48 | 4.84 | 4.11 | 4.07 | 4.23 | 4.76 | 4.90 | 5.17 | 5.58 | 5.73 | 4.99 | 5.77 | 5.40 | |
| DOH | days | 73.90 | 78.27 | 79.60 | 78.85 | 71.13 | 76.45 | 76.62 | 81.39 | 75.42 | 88.85 | 89.69 | 86.28 | 76.70 | 74.46 | 70.62 | 65.41 | 63.73 | 73.22 | 63.27 | 67.63 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.94
= 73.90
TE Connectivity Ltd's Days of Inventory on Hand (DOH) has shown some variability over the past 20 quarters. The DOH ranged from a low of 63.27 days to a high of 89.69 days during this period. It appears that the company's inventory management efficiency improved slightly in recent quarters, as evidenced by the decreasing trend in DOH from the peak of 89.69 days in the second quarter of 2022 to the low of 63.27 days in the third quarter of 2020.
However, it is worth noting that the DOH metric has fluctuated over time, indicating potential challenges in managing inventory levels consistently. To further evaluate the effectiveness of TE Connectivity Ltd's inventory management strategy, additional analysis and comparison with industry benchmarks may be necessary. Overall, while there have been some improvements in controlling inventory levels, continued monitoring and optimization of inventory practices could benefit the company in improving its working capital efficiency.
Peer comparison
Sep 30, 2024