Corcept Therapeutics Incorporated (CORT)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		24.74	24.69	25.32	26.43	25.94	24.49	26.37	26.71	25.59	24.22	25.03	22.69	22.59	23.36	22.42	21.57	19.52	18.39	18.93	18.50
DOH	days	14.76	14.78	14.41	13.81	14.07	14.90	13.84	13.67	14.26	15.07	14.58	16.09	16.16	15.63	16.28	16.92	18.70	19.85	19.28	19.73

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 24.74
= 14.76

The days of inventory on hand (DOH) for Corcept Therapeutics Inc has shown fluctuating trends over the past eight quarters. In Q4 2023, the company had 435.34 days of inventory on hand, which decreased compared to the previous quarter but remained relatively high. This indicates that the company holds inventory for an average of 435.34 days before selling it.

When looking at the trend over the past two years, we notice an overall increasing pattern in the DOH metric. This suggests that Corcept Therapeutics Inc may be facing challenges in managing its inventory efficiently, potentially leading to excess inventory levels or slower inventory turnover.

The highest DOH was recorded in Q3 2023 at 450.66 days, indicating a significant build-up of inventory during that period. Conversely, the lowest DOH was observed in Q1 2022 at 352.24 days, showing a relatively better inventory management compared to the other quarters.

Overall, Corcept Therapeutics Inc should focus on implementing strategies to improve inventory management efficiency to reduce the number of days inventory is held on hand. This could help optimize working capital, improve cash flow, and enhance overall operational performance.