Artivion Inc (AORT)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		4.26	3.82	1.32	1.17	1.76
DOH	days	85.60	95.54	277.28	312.01	207.82

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.26
= 85.60

Artivion Inc's Days of Inventory on Hand (DOH) has shown a fluctuating trend over the past five years. The ratio indicates the average number of days the company holds onto its inventory before it is sold.

The DOH has decreased from 312.01 days in 2020 to 239.70 days in 2023, showing an improvement in inventory management efficiency. This downward trend suggests that Artivion Inc has been able to streamline its inventory operations and reduce the amount of time it takes to sell its products.

However, it's worth noting that the ratio increased between 2021 and 2022, reaching 277.28 days. This uptick could suggest potential challenges in inventory turnover and liquidity during that period.

Overall, the decreasing trend in Artivion Inc's DOH implies a positive development in managing its inventory levels efficiently. It is essential for the company to continue monitoring and optimizing its inventory practices to sustain this improvement over time.