Certara Inc (CERT)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	—	42.74	134.96	52.78
DOH	days	—	—	8.54	2.70	6.91

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Certara Inc's Days of Inventory on Hand (DOH) has shown a fluctuating trend over the past few years.

At the end of December 31, 2020, Certara had an inventory turnover of approximately 6.91 days, indicating that the company held its inventory for about 6.91 days before it was sold or used.

By December 31, 2021, Certara managed to improve its efficiency in managing inventory, reducing the DOH to 2.70 days. This significant decrease suggests that Certara was more effective in turning over its inventory during that period.

However, by December 31, 2022, the DOH increased to 8.54 days, indicating that Certara took longer to sell its inventory compared to the previous year. This could be a concern as it might tie up more capital in inventory.

The data for December 31, 2023, and December 31, 2024 is not available (marked as "\u2014 days"), which makes it challenging to assess the current inventory management efficiency of Certara for those years.

Overall, Certara's DOH analysis indicates variations in inventory management efficiency, with improvements in some periods and potential challenges in others. Monitoring inventory turnover is crucial for the company to ensure optimal capital utilization and operational effectiveness.