Biogen Inc (BIIB)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		2.19	3.76	4.19	1.69	2.43
DOH	days	166.44	96.99	87.07	216.06	150.11

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.19
= 166.44

The Days of Inventory on Hand (DOH) for Biogen Inc has shown fluctuations over the past five years. In 2023, the company had a DOH of 364.14 days, marking a significant increase compared to the previous year's 215.38 days. This suggests that Biogen held inventory for a longer period in 2023, which could have implications for working capital management and liquidity.

Looking back at 2022, the DOH was 215.38 days, showing a decrease from 233.82 days in 2021. This reduction indicates that Biogen managed its inventory more efficiently in 2022 compared to the year before. The trend continued from 2020 to 2021, where DOH decreased from 216.06 days to 233.82 days.

In 2020, Biogen had a DOH of 216.06 days, an increase from 150.11 days in 2019. This rise in inventory holding period in 2020 may suggest challenges in managing inventory levels effectively or changes in demand patterns impacting inventory turnover.

Overall, monitoring Biogen's DOH trend provides insights into the company's inventory management efficiency, working capital usage, and potential impacts on financial performance and operations. Analyzing the data over multiple years can help identify patterns and assess the effectiveness of inventory management strategies implemented by the company.