Boston Scientific Corp (BSX)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		1.87	1.75	2.14	2.34	2.60
DOH	days	195.10	208.67	170.24	156.29	140.49

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.87
= 195.10

The days of inventory on hand (DOH) for Boston Scientific Corp have shown a noticeable increase over the years based on the provided data. As of December 31, 2020, the DOH stood at 140.49 days, indicating that, on average, the company held inventory for approximately 140.49 days before selling it.

By December 31, 2021, the DOH had increased to 156.29 days, suggesting a lengthening of the time taken to turn inventory into sales. This trend continued as of December 31, 2022, with the DOH rising further to 170.24 days.

The most significant increase was seen by December 31, 2023, where the DOH surged to 208.67 days, reaching a peak. However, by December 31, 2024, there was a slight improvement with the DOH decreasing to 195.10 days, albeit still at an elevated level compared to previous years.

Overall, the trend indicates that Boston Scientific Corp has been experiencing challenges in efficiently managing its inventory turnover, which could impact its liquidity, storage costs, and overall profitability. Further analysis and measures may be needed to optimize inventory management practices and improve operational efficiency.