BioLife Solutions Inc (BLFS)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		1.82	3.93	5.42	1.99	2.13
DOH	days	200.37	92.95	67.29	183.79	171.30

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.82
= 200.37

The Days of Inventory on Hand (DOH) for BioLife Solutions Inc has shown fluctuations over the past five years.

- As of December 31, 2020, the company had a DOH of 171.30 days, indicating that it took about 171 days for the company to convert its inventory into sales.

- By December 31, 2021, the DOH increased to 183.79 days, suggesting a slightly longer time required to sell off inventory compared to the previous year.

- The company saw a significant improvement by December 31, 2022, with the DOH decreasing to 67.29 days. This indicates that BioLife Solutions Inc was able to manage its inventory more efficiently and convert it into sales at a faster pace.

- However, by December 31, 2023, the DOH increased to 92.95 days, showing a slight deterioration in the efficiency of inventory management compared to the prior year.

- The most recent data, as of December 31, 2024, shows that the DOH spiked to 200.37 days, signifying a significant increase in the time taken to sell off inventory, which may raise concerns about potential overstocking or inefficiencies in inventory management practices.

Overall, while there have been fluctuations in BioLife Solutions Inc's DOH over the past five years, the company should closely monitor and address any inefficiencies in inventory management to ensure optimal utilization of resources and maintain a healthy balance between inventory levels and sales performance.