CONMED Corporation (CNMD)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.66 | 1.79 | 1.43 | 1.91 | 2.06 | |
| DOH | days | 220.48 | 204.38 | 255.78 | 191.03 | 176.86 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.66
= 220.48
The days of inventory on hand (DOH) for CONMED Corporation have shown a fluctuating trend over the past five years. Starting at 176.86 days on December 31, 2020, the DOH increased to 191.03 days by December 31, 2021. There was a significant jump to 255.78 days on December 31, 2022, indicating a longer period of time the company holds inventory.
However, the DOH decreased to 204.38 days by December 31, 2023, suggesting a potential improvement in inventory management efficiency. By December 31, 2024, the DOH further decreased to 220.48 days but remained higher than the levels seen in 2020 and 2021.
Overall, CONMED Corporation's DOH has been volatile, warranting a closer look at its inventory management practices to optimize efficiency and cost-effectiveness.
Peer comparison
Dec 31, 2024