Becton Dickinson and Company (BDX)

Days of inventory on hand (DOH)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Inventory turnover		4.63	5.58	5.17	6.23	3.10
DOH	days	78.79	65.36	70.66	58.58	117.83

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.63
= 78.79

Becton Dickinson and Company's days of inventory on hand (DOH) has shown a fluctuating trend over the past five years.

The DOH was 78.79 days as of September 30, 2024, which represents an increase from the previous year. This suggests that the company held inventory for a longer period in 2024 compared to 2023.

In 2023, the DOH was 65.36 days, indicating that the company's inventory turnover improved as it reduced the number of days it held inventory on hand from the previous year.

Similarly, in 2022, the DOH was 70.66 days, which was slightly higher compared to 2021 when it was 58.58 days. This indicates that the company held inventory for a longer period in 2022.

In 2020, the DOH was significantly high at 117.83 days, reflecting a substantial increase in the number of days the company held inventory on hand compared to the following years.

Overall, it is essential for Becton Dickinson and Company to manage its inventory effectively to optimize its working capital and enhance its operational efficiency, ensuring that inventory turnover is balanced to meet customer demand and minimize holding costs.