ANI Pharmaceuticals Inc (ANIP)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.83 | 1.63 | 1.32 | 1.23 | 1.43 | |
| DOH | days | 199.53 | 223.60 | 277.08 | 296.37 | 254.63 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.83
= 199.53
ANI Pharmaceuticals Inc's days of inventory on hand (DOH) has seen fluctuations over the past five years.
In December 2020, the company had an inventory holding period of 254.63 days, which increased to 296.37 days by December 2021. This indicates a significant increase in the time it takes for ANI Pharmaceuticals Inc to turn its inventory into sales.
By December 2022, the DOH decreased to 277.08 days, suggesting some improvement in inventory management compared to the previous year. However, by December 2023, there was a further reduction to 223.60 days, indicating the company was able to streamline its inventory management processes more efficiently.
The most significant improvement was observed by December 2024, where the DOH dropped to 199.53 days. This demonstrates a more efficient inventory turnover rate, with ANI Pharmaceuticals Inc taking less time to convert its inventory into revenue compared to the previous years.
Overall, the trend in ANI Pharmaceuticals Inc's days of inventory on hand indicates fluctuations in inventory management efficiency over the five-year period, with a noticeable positive improvement in the latest year. Efficient inventory management is crucial for optimizing working capital and profitability in the pharmaceutical industry.
Peer comparison
Dec 31, 2024