Bio-Rad Laboratories Inc (BIO)

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		2.61	2.70	2.72	2.78	2.84	3.07	3.22	3.53	3.84	3.59	3.45	3.26	2.95	2.97	2.99	3.42	3.44	2.86	2.86	2.89
DOH	days	139.79	135.29	134.12	131.42	128.57	118.98	113.52	103.38	95.02	101.77	105.91	111.88	123.74	122.99	122.27	106.85	106.20	127.67	127.68	126.29

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.61
= 139.79

Bio-Rad Laboratories Inc.'s days of inventory on hand (DOH) have shown a consistent increasing trend over the past eight quarters, ranging from 176.49 days in Q1 2022 to 228.95 days in Q4 2023. This indicates that the company is taking longer to sell its inventory, which may suggest possible issues related to inventory management efficiency. It is essential for Bio-Rad Laboratories Inc. to monitor and improve its inventory turnover rate to ensure optimal utilization of resources and prevent inventory obsolescence.