Corcept Therapeutics Incorporated (CORT)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		0.88	0.84	0.32	0.29	0.26
DOH	days	416.32	435.34	1,154.38	1,240.63	1,383.43

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.88
= 416.32

The days of inventory on hand (DOH) for Corcept Therapeutics Incorporated have shown a declining trend over the past five years, indicating improved efficiency in managing its inventory levels. The company's DOH decreased from 1,383.43 days as of December 31, 2020, to 416.32 days as of December 31, 2024. This significant reduction suggests that Corcept Therapeutics has been more effective in turning its inventory into sales within a shorter time frame.

A lower DOH signifies that the company is selling its inventory more quickly, which can lead to lower holding costs and potentially higher profitability. Corcept Therapeutics' decreasing DOH may also indicate better demand forecasting and inventory management practices, resulting in less excess or obsolete inventory.

Overall, the downward trend in Corcept Therapeutics' DOH indicates an improvement in inventory turnover efficiency and a potential positive impact on the company's financial performance and operational effectiveness.