BioLife Solutions Inc (BLFS)

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		1.81	2.31	2.93	2.37	3.93	3.32	3.24	4.67	5.42	4.32	4.31	2.20	1.99	1.08	1.00	2.00	2.13	3.53	3.12	2.70
DOH	days	201.49	157.90	124.60	153.69	92.90	109.82	112.73	78.10	67.28	84.42	84.75	165.84	183.80	337.61	364.65	182.66	171.30	103.50	116.87	135.39

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.81
= 201.49

The days of inventory on hand (DOH) for BioLife Solutions Inc have shown fluctuating trends over the years. In March 2020, the company had 135.39 days of inventory on hand, indicating a relatively high level of inventory. Subsequently, the DOH decreased to 84.42 days by September 2022, indicating potentially better inventory management.

However, the trend reversed, and the DOH increased significantly to 364.65 days by June 2021, which could suggest inventory management challenges or issues with demand forecasting. The company managed to decrease the DOH to 67.28 days by December 2022, reflecting a more optimized inventory level.

Throughout the subsequent periods, the DOH remained relatively stable, with fluctuations observed but generally within a narrower range compared to the previous significant variations. As of December 2024, the DOH stands at 201.49 days, indicating an increased level of inventory on hand compared to the previous quarters.

Overall, the company's DOH has shown varying levels over the years, with periods of both high and low inventory on hand. Management should continue to monitor and fine-tune their inventory practices to maintain an optimal balance between inventory levels and operational efficiency.