Boston Scientific Corp (BSX)

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		1.97	1.89	1.92	1.77	1.76	1.77	1.83	1.99	2.14	2.22	2.22	2.20	2.33	2.36	2.63	2.56	2.60	2.29	2.16	2.00
DOH	days	185.74	193.13	190.27	205.99	207.52	206.66	199.14	183.57	170.24	164.76	164.60	165.87	156.33	154.34	138.89	142.65	140.41	159.62	168.86	182.67

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.97
= 185.74

The Days of Inventory on Hand (DOH) for Boston Scientific Corp have exhibited some fluctuations over the reported periods. The trend indicates a general increase in the number of days it takes for the company to turn its inventory into sales from March 31, 2020, to December 31, 2024.

At the start of the observation period, the DOH was relatively high at around 182.67 days and showed a gradual decrease until June 30, 2021, where it reached its lowest level of 138.89 days. Subsequently, there was an upward trend until December 31, 2023, with the DOH peaking at 207.52 days.

During the last few reported periods, the DOH slightly decreased but remained above 180 days, indicating that Boston Scientific Corp may be facing challenges in efficiently managing its inventory levels. This could potentially lead to higher carrying costs and inventory obsolescence risk.

Overall, a high DOH suggests the company might be holding excessive or slow-moving inventory, which could impact its working capital management and profitability. It may be beneficial for Boston Scientific Corp to focus on optimizing its inventory management practices to enhance operational efficiency and financial performance.