Coherent (Coherent) Days Inventory

: 150.32 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Coherent's Average Total Inventories for the three months ended in Dec. 2023 was $1,286 Mil. Coherent's Cost of Goods Sold for the three months ended in Dec. 2023 was $781 Mil. Hence, Coherent's Days Inventory for the three months ended in Dec. 2023 was 150.32.

The historical rank and industry rank for Coherent's Days Inventory or its related term are showing as below:

COHR' s Days Inventory Range Over the Past 10 Years
Min: 105.22 Med: 119.46 Max: 150.3
Current: 150.3

During the past 13 years, Coherent's highest Days Inventory was 150.30. The lowest was 105.22. And the median was 119.46.

COHR's Days Inventory is ranked worse than
68.08% of 2406 companies
in the Hardware industry
Industry Median: 104.06 vs COHR: 150.30

Coherent's Days Inventory increased from Dec. 2022 (129.12) to Dec. 2023 (150.32). It might indicate that Coherent's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Coherent's Inventory Turnover for the three months ended in Dec. 2023 was 0.61.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Coherent's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.14.

Coherent Days Inventory Historical Data

The historical data trend for Coherent's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Coherent Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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118.15

105.22

124.51

142.22

112.07

Coherent Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															129.12	153.64	141.18	156.11	150.32

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Coherent's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Coherent Days Inventory Distribution

For the Hardware industry and Technology sector, Coherent's Days Inventory distribution charts can be found below:

* The bar in red indicates where Coherent's Days Inventory falls into.

Coherent Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Coherent's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (902.559	+	1272.333)	/	2 )	/	3541.817	*	365
=	1087.446					/	3541.817	*	365
=	112.07

Coherent's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1280.755	+	1291.634)	/	2 )	/	780.793	*	365 / 4
=	1286.1945					/	780.793	*	365 / 4
=	150.32

Coherent (NYSE:COHR) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Coherent's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	780.793	/	1286.1945
	=	0.61

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Coherent's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1286.1945	/	1131.434
	=	1.14

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Coherent Days Inventory Related Terms

Thank you for viewing the detailed overview of Coherent's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Coherent (Coherent) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Coherent Corp (NYSE:COHR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

H7B:Germany H7B:Germany

Address

375 Saxonburg Boulevard, Saxonburg, PA, USA, 16056

Website

https://www.ii-vi.com

Coherent Corp manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in two segments Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems. The Compound Semiconductors Segment is a market leader in differentiated materials and devices.

Executives

Christopher Koeppen	officer: Chief Innovation Officer	C/O COHERENT CORP., 375 SAXONBURG BOULEVARD, SAXONBURG PA 16056
Howard H. Xia	director	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Julie Sheridan Eng	officer: Chief Technology Officer	C/O COHERENT CORP., SAXONBURG PA 16056
Bashaw Walter Robert Ii	officer: General Counsel	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Richard J. Martucci	officer: Interim CFO & Treasurer	C/O COHERENT CORP., 375 SAXONBURG BOULEVARD, SAXONBURG PA 16056
Elizabeth Patrick	director	6400 POPLAR AVE, MEMPHIS TN 38197
Michelle M Sterling	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Ilaria Mocciaro	officer: SVP, CAO and Corp Controller	2301 PATRIOT BLVD, GLENVIEW IL 60026
Mary Jane Raymond	officer: Chief Financial Officer	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Ronald Basso	officer: Chief Legal & Compliance Off.	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Mattera Vincent D Jr	officer: Vice President	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
David L Motley	director	517 AVONWORTH HEIGHTS DRIVE, PITTSBURGH PA 151237
Joseph J Corasanti	director	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Francis J Kramer	director, officer: President & C.O.O.	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP