Baxter International Inc (BAX)
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 | 5.63 | 5.53 | 6.35 | 6.12 | 6.72 | 6.54 | 5.10 | 4.99 | 4.70 | 3.90 | 3.71 | 3.67 | 3.77 | 3.22 | 3.28 | 3.73 | 3.75 | 5.38 | 5.26 | 5.26 | |
DOH | days | 64.88 | 65.98 | 57.45 | 59.62 | 54.32 | 55.80 | 71.55 | 73.15 | 77.61 | 93.67 | 98.31 | 99.49 | 96.77 | 113.38 | 111.22 | 97.80 | 97.35 | 67.82 | 69.38 | 69.40 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.63
= 64.88
Baxter International Inc.'s days of inventory on hand (DOH) has shown slight fluctuations over the past eight quarters. In Q4 2023, the DOH was at 104.77 days, a slight decrease from the previous quarter. This suggests that the company managed its inventory more efficiently in Q4 2023 compared to Q3 2023.
Looking at the trend over the past year, we observe that in Q1 2023, the DOH peaked at 110.42 days, indicating a longer period required to sell off inventory. However, in Q2 and Q3 2023, the DOH remained relatively stable around 106 days.
Comparing year-over-year data, in Q4 2023, the DOH was 2.66% higher than in Q4 2022. This indicates that Baxter International Inc. held inventory for a slightly longer period in Q4 2023 compared to a year ago.
Overall, Baxter International Inc. has managed its inventory reasonably effectively, with fluctuations within a moderate range over the past eight quarters. Further analysis into the company's supply chain management and inventory turnover ratio may provide more insights into its inventory management efficiency.
Peer comparison
Dec 31, 2023
See also:
Baxter International Inc Average Inventory Processing Period (Quarterly Data)