3D Systems Corporation (DDD)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Inventory turnover		5.69	5.54	3.63	3.75	4.06	4.36	4.73	5.71	5.96	6.50	6.27	5.71	5.11	4.87	4.98	4.75	5.50	5.77	5.36	4.97
DOH	days	64.15	65.88	100.57	97.31	89.91	83.79	77.17	63.95	61.20	56.13	58.24	63.93	71.50	74.92	73.35	76.76	66.35	63.25	68.16	73.46

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.69
= 64.15

The days of inventory on hand (DOH) for 3D Systems Corporation have shown a fluctuating trend over the past few quarters.

In the most recent quarter, as of March 31, 2024, the DOH was 64.15 days, showing a slight improvement from the previous quarter's 65.88 days. This indicates that the company had slightly fewer days of inventory on hand at the end of the quarter compared to the end of the previous quarter.

Looking back over the past year, we observe that DOH has ranged from a low of 56.13 days to a high of 100.57 days. The highest DOH was recorded in September 2023, suggesting that the company held inventory for an extended period before selling it.

Overall, a lower DOH indicates that the company is managing its inventory efficiently, as it is selling off inventory faster. On the other hand, a higher DOH could signal potential issues such as slow sales, excess inventory, or obsolescence risk.

It would be important to further analyze the reasons behind these fluctuations in DOH to understand the company's inventory management practices and their potential impact on financial performance and profitability.