AbbVie Inc (ABBV)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 11.08 | 11.49 | 11.99 | 9.81 | 4.10 | |
| DOH | days | 32.94 | 31.76 | 30.45 | 37.19 | 88.96 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.08
= 32.94
The Days of Inventory on Hand (DOH) for Abbvie Inc has shown a fluctuating trend over the past five years. In 2019, the company had the highest DOH of 88.96 days, which decreased to 78.52 days in 2020. However, there was a further decrease to 65.44 days in 2021, indicating that the company was more efficient in managing its inventory during that period.
In 2022, the DOH slightly increased to 75.02 days before dropping again to 73.29 days in 2023. This suggests that Abbvie Inc has been able to optimize its inventory levels and turnover in recent years, potentially leading to cost savings and improved cash flow management.
Overall, the decreasing trend in DOH indicates that Abbvie Inc has been able to manage its inventory more effectively over the years, potentially resulting in improved operational efficiency and financial performance.
Peer comparison
Dec 31, 2023