ADMA Biologics Inc (ADMA)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 1.22 0.98 0.73 0.64 0.75
DOH days 300.32 372.83 501.60 570.70 485.56

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.22
= 300.32

ADMA Biologics Inc's days of inventory on hand (DOH) has fluctuated over the past five years. It was 485.56 days as of December 31, 2020, increasing to 570.70 days by December 31, 2021. Subsequently, it decreased to 501.60 days by December 31, 2022, further dropping to 372.83 days by December 31, 2023. The most recent figure, as of December 31, 2024, stands at 300.32 days. This trend indicates variability in the efficiency of inventory management within the company, with a significant improvement in 2024 compared to previous years. It could suggest adjustments in inventory control strategies or operational improvements impacting inventory turnover rates.