ANI Pharmaceuticals Inc (ANIP)

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		2.04	1.81	2.02	1.96	1.77	1.54	1.43	1.37	1.32	1.42	1.38	1.38	1.23	1.48	1.29	1.42	1.43	1.36	1.43	1.33
DOH	days	178.56	201.68	181.02	186.46	206.33	236.62	255.19	266.02	277.08	256.69	264.15	264.17	296.37	246.73	283.89	256.31	254.63	268.69	254.80	274.93

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.04
= 178.56

The days of inventory on hand (DOH) for ANI Pharmaceuticals Inc has fluctuated over the period from March 31, 2020, to December 31, 2024.

Initially, on March 31, 2020, ANI had 274.93 days of inventory on hand. Over the next few quarters, there were variations in the DOH, with a decreasing trend observed from the second quarter of 2020 to the fourth quarter of 2021, where the lowest DOH of 246.73 days was recorded on September 30, 2021.

The DOH then started to increase gradually after the fourth quarter of 2021, reaching a peak of 296.37 days on December 31, 2021. Subsequently, there was a fluctuating pattern in the DOH, with slight decreases and increases.

As of December 31, 2024, the DOH stood at 178.56 days, showing a downward trend towards the end of the period under review. This decreasing trend may indicate improved inventory management efficiency or changes in sales patterns affecting inventory levels at ANI Pharmaceuticals Inc.

Overall, monitoring the days of inventory on hand is crucial for managing working capital efficiently and ensuring optimal inventory levels to meet demand while minimizing holding costs.