Gentherm Inc (THRM)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		5.78	6.47	5.11	5.61	6.51
DOH	days	63.18	56.44	71.44	65.06	56.06

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.78
= 63.18

Gentherm Inc's days of inventory on hand (DOH) has shown fluctuations over the past five years. In December 2020, the DOH was reported at 56.06 days, indicating the number of days the company's inventory was held before being sold. Subsequently, there was an increase in DOH to 65.06 days by December 2021, followed by a further rise to 71.44 days by December 2022, suggesting a potential buildup in inventory levels.

However, there was a notable decrease in DOH to 56.44 days by December 2023, showing a more efficient management of inventory. This improvement was followed by a slight increase to 63.18 days by December 2024.

Overall, Gentherm Inc's DOH has displayed some variability in the period under review, with the company making efforts to optimize inventory turnover and management. It is essential for the company to monitor and adjust its inventory levels to ensure efficient operations and cost-effective production processes.