Artivion Inc (AORT)
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 | 1.85 | 1.72 | 1.75 | 1.64 | 1.52 | 1.53 | 1.49 | 1.50 | 1.49 | 1.52 | 1.44 | 1.37 | 1.32 | 1.23 | 1.23 | 1.18 | 1.17 | 1.23 | 1.37 | 1.70 | |
| DOH | days | 197.28 | 212.72 | 208.93 | 223.12 | 239.70 | 238.14 | 244.19 | 243.62 | 244.32 | 240.68 | 253.28 | 266.01 | 277.28 | 295.90 | 295.92 | 309.85 | 312.01 | 297.03 | 266.32 | 214.88 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.85
= 197.28
The days of inventory on hand (DOH) for Artivion Inc has shown a general decreasing trend from 214.88 days on March 31, 2020, to 197.28 days on December 31, 2024. This indicates that the company has been improving its inventory management efficiency over the years, with inventory being held for a shorter duration on average.
There were fluctuations in DOH over the years, with some periods showing slight increases, such as between September 2020 and December 2021, where it peaked at 312.01 days. However, overall, the trend has been downwards.
The most significant improvements in inventory management occurred between September 2022 and December 2024, where DOH decreased from 240.68 days to 197.28 days. This suggests that Artivion Inc has been focusing on optimizing inventory levels to free up working capital and reduce carrying costs.
In conclusion, the decreasing trend in Artivion Inc's days of inventory on hand signifies an improvement in inventory management efficiency and tighter control over the company's inventory levels, which could potentially lead to better cash flow and overall financial performance.
Peer comparison
Dec 31, 2024