Amgen Inc (AMGN)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		1.84	1.75	1.42	1.14	0.89	1.41	1.38	1.31	1.30	1.34	1.40	1.48	1.58	1.53	1.53	1.53	1.58	1.48	1.38	1.31
DOH	days	198.65	208.99	257.02	320.64	411.08	258.89	264.56	278.60	280.90	272.28	259.80	246.75	231.08	239.30	238.98	238.95	230.71	247.43	264.95	279.17

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.84
= 198.65

The days of inventory on hand (DOH) for Amgen Inc have varied over the years, indicating changes in the company's inventory management efficiency.

In the most recently reported period, December 31, 2024, Amgen had a DOH of 198.65 days, reflecting a significant decrease in the time it takes to sell its inventory compared to previous periods. This may suggest improved inventory turnover and better control over inventory levels.

However, it is noteworthy that there was a substantial spike in DOH to 411.08 days on December 31, 2023, indicating potential challenges in managing inventory levels efficiently during that period. This significant increase may raise concerns about excess inventory or slow-moving products, impacting liquidity and profitability.

Overall, fluctuations in DOH highlight the importance of monitoring and optimizing inventory levels to enhance operational efficiencies and profitability for Amgen Inc.