Veeco Instruments Inc (VECO)
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 | 1.68 | 1.67 | 1.52 | 1.61 | 1.49 | 1.50 | 1.55 | 1.70 | 1.85 | 2.03 | 2.07 | 1.97 | 2.00 | 1.96 | 1.89 | 1.80 | 1.78 | 1.71 | 1.83 | 1.96 | |
| DOH | days | 216.94 | 218.55 | 239.89 | 227.05 | 244.64 | 244.10 | 235.78 | 214.51 | 197.19 | 179.83 | 175.93 | 185.35 | 182.88 | 186.60 | 193.14 | 203.22 | 204.94 | 212.88 | 199.54 | 185.83 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.68
= 216.94
The days of inventory on hand (DOH) for Veeco Instruments Inc has shown some fluctuations over the quarters in the provided data. From March 2020 to June 2020, there was an increase in DOH, indicating that the company held inventory for a longer period. Subsequently, there was a gradual increase in DOH until September 2021. This suggests that Veeco Instruments Inc was holding inventory for a longer period during these quarters.
However, from September 2021 to March 2022, there was a slight decrease in DOH, followed by a more significant decrease in DOH until June 2022. This could indicate an improvement in inventory management efficiency as the company reduced the number of days inventory was held on hand.
From June 2022 to December 2024, there were fluctuations in DOH, with some quarters showing increases and others showing decreases. Despite the fluctuations, the overall trend in DOH seems to be relatively stable over the period, indicating that Veeco Instruments Inc has been managing its inventory levels effectively.
The varying DOH levels observed in the financial data may suggest changes in the company's production, sales patterns, or supply chain management strategies. Further analysis and comparison with industry benchmarks would provide more insights into Veeco Instruments Inc's inventory management efficiency.
Peer comparison
Dec 31, 2024