Artivion Inc (AORT)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		1.75	1.52	1.49	1.32	1.17
DOH	days	208.32	239.70	244.32	277.28	312.01

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.75
= 208.32

The days of inventory on hand (DOH) for Artivion Inc has shown a declining trend over the past five years, decreasing from 312.01 days as of December 31, 2020, to 208.32 days as of December 31, 2024. This indicates that the company has been able to manage its inventory levels more efficiently over time, resulting in a shorter period required to sell its inventory.

A decreasing DOH is generally viewed positively as it suggests that the company is managing its inventory more effectively, minimizing carrying costs and the risk of obsolescence. However, it is important to note that a very low DOH could also indicate potential stockouts or production inefficiencies.

Artivion Inc's decreasing trend in DOH reflects a potential improvement in the company's inventory management practices, which may lead to enhanced liquidity and profitability in the future, as long as it doesn't compromise the company's ability to meet customer demand. Additional analysis and comparison with industry benchmarks may further provide insights into the company's performance and competitive position.