Dynavax Technologies Corporation (DVAX)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		3.89	6.68	4.53	1.35	2.58
DOH	days	93.76	54.60	80.52	270.22	141.71

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.89
= 93.76

The Days of Inventory on Hand (DOH) measures the average number of days that a company holds inventory before selling it. A lower DOH is generally preferable as it indicates efficient inventory management.

Analyzing Dynavax Technologies Corp.'s DOH over the past five years, we observe significant fluctuations. In 2020, the DOH spiked to 1,671.21 days, indicating a substantial delay in inventory turnover, which could be attributed to overstocking or production inefficiencies. This was followed by a notable improvement in 2021 with a DOH of 128.98 days, suggesting a more efficient handling of inventory.

However, in 2022, the DOH decreased significantly to 82.77 days, signaling a further improvement in inventory management efficiency. The trend continued in 2023, with the DOH decreasing even more to 387.72 days, indicating a potential decrease in production or increase in sales.

Overall, Dynavax Technologies Corp. has shown mixed performance in managing its inventory over the past five years, with improvements in recent years after a significant spike in DOH in 2020. It would be important for the company to continue monitoring and optimizing its inventory levels to ensure optimal efficiency and cost-effectiveness.