Amphastar P (AMPH)

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		2.77	2.50	2.53	2.43	2.41	2.43	2.54	2.57	2.56	2.32	2.23	2.23	2.13	1.81	1.87	1.76	1.72	1.78	1.98	2.48
DOH	days	131.72	145.88	144.30	150.26	151.16	150.19	143.97	142.04	142.31	157.39	163.69	163.56	171.15	201.29	195.64	207.93	211.79	205.17	184.01	146.97

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.77
= 131.72

Amphastar Pharmaceuticals Inc's Days of Inventory on Hand (DOH) has shown fluctuations over the past eight quarters. In Q4 2023, the company had 131.72 days of inventory on hand, which decreased from the previous quarter's 145.88 days. This suggests that the company managed its inventory more efficiently during this period.

Overall, the trend in DOH appears to be inconsistent, with some quarters showing decreases while others show increases. This inconsistency may indicate fluctuations in demand, production, or inventory management practices within the company.

It is important for Amphastar Pharmaceuticals Inc to closely monitor its inventory levels and strive for a balance between carrying enough inventory to meet demand and avoiding excess inventory that incurs carrying costs. Further analysis and comparison with industry benchmarks may provide additional insights into the company's inventory management efficiency.