Quest Diagnostics Incorporated (DGX)
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 | 35.49 | 35.09 | 34.73 | 34.51 | 32.61 | 33.82 | 34.23 | 33.49 | 33.59 | 36.03 | 35.53 | 33.50 | 31.63 | 32.17 | 32.68 | 27.62 | 26.03 | 26.02 | 32.59 | 40.18 | |
DOH | days | 10.28 | 10.40 | 10.51 | 10.58 | 11.19 | 10.79 | 10.66 | 10.90 | 10.87 | 10.13 | 10.27 | 10.90 | 11.54 | 11.35 | 11.17 | 13.21 | 14.02 | 14.03 | 11.20 | 9.08 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 35.49
= 10.28
The days of inventory on hand (DOH) for Quest Diagnostics Incorporated have shown a fluctuating trend over the periods reported. Starting at 9.08 days on March 31, 2020, the DOH increased to 14.03 days by September 30, 2020. Thereafter, it gradually decreased to 10.13 days on September 30, 2022, before showing a slight increase to 11.19 days by December 31, 2023.
Overall, the company has managed to keep its inventory levels within a relatively stable range, indicating effective inventory management practices. A lower DOH suggests that the company is efficiently managing its inventory, potentially reducing carrying costs and minimizing the risk of obsolescence. However, it is essential for Quest Diagnostics to continuously monitor its inventory levels to ensure optimal balance between having enough inventory to meet demand and avoiding excess inventory holding costs.
Peer comparison
Dec 31, 2024