Abbott Laboratories (ABT)

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		4.78	4.77	4.62	4.83	5.33	5.71	5.43	5.54	6.00	5.73	5.38	5.03	5.15	4.76	4.62	5.30	5.55	5.39	5.38	5.74
DOH	days	76.40	76.55	79.01	75.60	68.44	63.96	67.17	65.88	60.84	63.66	67.89	72.53	70.90	76.67	78.93	68.81	65.74	67.72	67.83	63.58

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.78
= 76.40

Abbott Laboratories' days of inventory on hand (DOH) has shown a fluctuating trend over the past eight quarters. The DOH ranged from a low of 108.36 days in Q3 2022 to a high of 139.05 days in Q2 2023. There was a noticeable increase in DOH in the middle of 2023, peaking at 139.05 days, which suggests a longer period of time that inventory is held before being sold. This could indicate potential issues with inventory management efficiency or changing customer demand patterns during that period. It is important for Abbott Laboratories to closely monitor and manage their inventory levels to optimize working capital and improve overall operational performance.