CONMED Corporation (CNMD)

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		1.71	1.72	1.82	1.79	1.78	1.67	1.62	1.51	1.43	1.55	1.58	1.75	1.91	1.93	2.08	2.00	2.06	2.23	2.32	2.45
DOH	days	213.57	212.76	200.62	204.29	205.15	219.16	225.59	240.95	255.78	235.05	231.70	208.25	191.03	188.84	175.54	182.53	176.86	163.52	157.55	148.74

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.71
= 213.57

The days of inventory on hand (DOH) for CONMED Corporation have displayed fluctuations over the years. The trend indicates an overall increase in the number of days it takes to convert inventory into sales from March 31, 2020, to December 31, 2024. The DOH increased from 148.74 days on March 31, 2020, to 213.57 days on December 31, 2024. This trend suggests that CONMED may be carrying higher levels of inventory relative to its sales, which could potentially lead to increased holding costs and obsolescence risks. Monitoring and managing inventory levels effectively will be crucial for CONMED to optimize its working capital and improve operational efficiency in the future.