ANI Pharmaceuticals Inc (ANIP)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		3.62	3.04	2.80	1.43	1.31
DOH	days	100.71	120.03	130.17	254.63	278.36

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.62
= 100.71

The days of inventory on hand (DOH) for ANI Pharmaceuticals Inc have shown fluctuations over the past five years. In 2023, the company had 223.60 days of inventory on hand, which was a decrease from the previous year's figure of 277.08 days. This indicates that the company was able to manage its inventory more efficiently in 2023 compared to 2022.

Looking further back, in 2021, ANI Pharmaceuticals Inc had 296.37 days of inventory on hand, which was higher than both 2023 and 2022. The decreasing trend from 2021 to 2023 suggests that the company has been working towards optimizing its inventory management practices.

In comparison, the days of inventory on hand for ANI Pharmaceuticals Inc in 2020 and 2019 were 254.63 days and 278.36 days, respectively. The fluctuation in DOH over the years indicates that the company has been actively adjusting its inventory levels to improve efficiency and reduce carrying costs.

Overall, ANI Pharmaceuticals Inc's days of inventory on hand have shown variability over the past five years, with a downward trend in recent years indicating potential improvements in inventory management. It is vital for the company to continue monitoring and optimizing its inventory levels to enhance operational efficiency and profitability.