TE Connectivity Ltd (TEL)
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 | 4.63 | 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 | 5.98 | 5.39 | 5.53 | |
| DOH | days | 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 | 61.04 | 67.70 | 65.96 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.63
= 78.85
TE Connectivity Ltd's days of inventory on hand (DOH) has shown some fluctuations over the past few quarters. On Dec 31, 2023, the DOH stood at 78.85 days, higher compared to the preceding quarter. This suggests that the company held inventory for a longer period before selling it. Looking back over the past year, the trend has been somewhat volatile, with peaks and troughs observed in the DOH figures.
Analyzing the data, TE Connectivity Ltd seems to have experienced challenges in managing its inventory efficiently, as reflected in the fluctuating DOH values. The company may need to focus on optimizing inventory levels to avoid excess inventory holding costs or potential stockouts.
Further analysis, such as comparing DOH to industry peers or historical trends, could provide additional insights into the effectiveness of TE Connectivity Ltd's inventory management practices and potential areas for improvement.
Peer comparison
Dec 31, 2023