Vicor Corporation (VICR)
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 | 2.68 | 2.86 | 2.85 | 2.86 | 3.01 | 3.09 | 3.28 | 3.51 | 3.72 | 3.83 | 4.26 | 4.37 | 3.99 | 3.76 | 3.81 | 3.84 | 4.12 | 4.19 | 3.84 | 4.16 | |
| DOH | days | 136.06 | 127.56 | 128.13 | 127.62 | 121.42 | 118.05 | 111.36 | 104.11 | 98.00 | 95.38 | 85.74 | 83.56 | 91.52 | 97.17 | 95.90 | 94.94 | 88.58 | 87.11 | 95.17 | 87.79 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.68
= 136.06
To analyze Vicor Corp.'s days of inventory on hand (DOH) over the past eight quarters, we observe a steadily increasing trend from Q1 2022 to Q4 2023. The company's DOH has risen from 143.59 days in Q1 2022 to 194.38 days in Q4 2023, indicating a prolonged time frame within which inventory is held before being sold.
This upward trend suggests that Vicor Corp. may be facing challenges in efficiently managing its inventory levels or experiencing slower inventory turnover. A high DOH may lead to increased carrying costs, obsolescence risks, and potential cash flow constraints.
Further analysis of the underlying reasons contributing to the extended DOH, such as changes in demand patterns, supply chain disruptions, or production inefficiencies, would be crucial for Vicor Corp. to address this trend effectively. Monitoring and improving inventory management processes and forecasting accuracy may help the company optimize its working capital and enhance operational efficiency.
Peer comparison
Dec 31, 2023