Becton Dickinson and Company (BDX)

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		5.59	5.56	4.68	4.53	4.63	5.22	5.40	5.31	5.67	6.26	5.16	4.52	4.05	3.48	3.15	3.35	3.28	3.49	3.42	3.42
DOH	days	65.25	65.69	77.93	80.63	78.85	69.96	67.63	68.71	64.36	58.35	70.76	80.78	90.04	104.95	115.83	108.92	111.17	104.58	106.73	106.82

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.59
= 65.25

The days of inventory on hand (DOH) for Becton Dickinson & Co. depicts the average number of days it takes for the company to sell its inventory. Looking at the trend over the past quarters, we observe fluctuations in the DOH metric.

In Q1 2024, the DOH stands at 105.53 days, showing a slight improvement compared to the previous quarter's 106.65 days in Q4 2023. This decrease may indicate that the company managed its inventory more efficiently during this period.

The DOH was higher in the previous quarters, such as 131.46 days in Q2 2023 and 128.04 days in Q1 2023, suggesting slower inventory turnover during those periods. However, the DOH numbers seem to have fluctuated within a certain range, with peaks seen in Q2 2023 and Q3 2023.

On average, Becton Dickinson & Co. has maintained a DOH around 110-130 days over the past few quarters, indicating that the company holds its inventory for a relatively long period before selling. This could be due to the nature of its products, supply chain dynamics, or demand variations.

Overall, monitoring the DOH trend helps assess Becton Dickinson & Co.'s inventory management efficiency and its ability to control costs associated with carrying excess inventory. A lower DOH generally indicates better inventory management, while a higher DOH may signal potential inefficiencies that could impact the company's financial performance.