ANI Pharmaceuticals Inc (ANIP)

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		3.62	3.51	3.31	3.19	3.02	3.26	3.11	3.10	2.47	2.39	1.71	1.42	1.43	1.36	1.43	1.33	1.31	1.42	1.46	1.60
DOH	days	100.71	104.05	110.13	114.25	120.98	111.88	117.54	117.87	147.69	152.69	213.04	256.31	254.63	268.69	254.80	274.93	278.36	257.34	250.14	228.79

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 been fluctuating over the past eight quarters. From Q1 2022 to Q4 2023, the DOH ranged from 223.60 days to 277.08 days. The trend indicates a general increase in the number of days it takes for the company to sell its inventory, reaching a peak in Q4 2022 before showing some decrease in recent quarters. This suggests potential inefficiencies in inventory management or a build-up of excess inventory, which could tie up capital and lead to higher holding costs. ANI Pharmaceuticals Inc may benefit from implementing strategies to streamline its inventory turnover process and optimize its working capital management in order to improve its overall financial performance.