Bio-Rad Laboratories Inc (BIO)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		1.56	1.46	1.47	1.55	1.59	1.63	1.64	1.66	1.71	1.79	1.88	2.07	2.24	2.17	2.09	1.95	1.78	1.67	1.66	1.92
DOH	days	233.81	249.58	248.85	235.39	228.87	224.26	222.63	219.90	213.14	203.46	194.53	176.49	162.94	167.96	174.89	187.24	205.02	217.97	219.33	190.60

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.56
= 233.81

Bio-Rad Laboratories Inc's days of inventory on hand (DOH) has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates an initial increase in DOH from around 190 days in March 2020 to a peak of approximately 250 days by June 30, 2024. However, there was a slight decrease in DOH towards the end of the period as it dropped to around 230 days by December 31, 2024.

The increase in DOH suggests that Bio-Rad Laboratories Inc may have been holding higher levels of inventory relative to its sales during certain periods. This could be due to various reasons such as changes in demand patterns, production delays, or inefficiencies in inventory management. On the other hand, the decrease in DOH towards the end of the period could indicate improvements in inventory turnover efficiency or adjustments in inventory management practices.

Overall, monitoring changes in DOH is important for assessing the company's inventory management efficiency, liquidity, and operational performance. High levels of DOH can tie up working capital and increase holding costs, while low levels may result in stockouts and impact customer satisfaction. Bio-Rad Laboratories Inc should continue to analyze its inventory levels and strive to maintain an optimal balance between inventory investment and operational requirements.