Biomarin Pharmaceutical Inc (BMRN)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.47	0.54	0.61	0.75	0.53
DOH	days	784.92	674.72	602.50	486.33	690.75

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.47
= 784.92

The days of inventory on hand (DOH) for Biomarin Pharmaceutical Inc have exhibited fluctuations over the past five years. The company's DOH increased from 690.75 days in 2019 to 784.92 days in 2023, with fluctuations in between.

A higher DOH indicates that Biomarin Pharmaceutical Inc takes longer to sell its inventory, which could be due to various factors such as excess inventory levels, slower sales, or inefficient inventory management. This may tie up more capital in inventory and increase carrying costs.

It is essential for Biomarin Pharmaceutical Inc to keep a close eye on its inventory levels and implement effective inventory management strategies to optimize its working capital, reduce carrying costs, and improve operational efficiency. Monitoring and potentially reducing the DOH could lead to improved liquidity and profitability for the company.