Baxter International Inc (BAX)

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		3.95	4.14	3.23	3.29	3.51	3.45	3.44	3.31	3.57	3.51	3.25	3.23	3.13	3.73	3.60	3.59	3.70	3.44	3.51	3.94
DOH	days	92.37	88.19	113.15	110.79	104.10	105.78	106.14	110.42	102.11	103.87	112.17	112.91	116.60	97.75	101.40	101.57	98.69	106.13	104.07	92.53

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.95
= 92.37

The Days of Inventory on Hand (DOH) for Baxter International Inc has shown some fluctuation over the past few years. It was relatively stable around 90-100 days from March 2020 to June 2021. However, there was a noticeable increase towards the end of 2021, reaching 116.60 days by December 31, 2021.

Subsequently, there was a slight decrease in DOH by the first half of 2022, but it remained above 100 days. The trend continued with fluctuations around the 100-day mark until September 2024, where there was a significant decrease to 88.19 days.

This decline in DOH may indicate improved inventory management efficiency during that period. Overall, Baxter International Inc's ability to manage its inventory levels efficiently is crucial for maintaining optimal cash flow and operational performance.