Dynavax Technologies Corporation (DVAX)

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		3.85	5.33	5.76	6.49	6.65	4.77	5.72	4.12	4.50	1.35	0.99	1.21	1.32	1.51	1.70	2.13	2.43	2.43	2.48	2.81
DOH	days	94.77	68.45	63.41	56.22	54.88	76.46	63.77	88.64	81.16	269.98	368.65	302.15	277.15	241.35	214.78	171.75	150.41	149.90	147.37	129.95

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.85
= 94.77

Dynavax Technologies Corp.'s Days of Inventory on Hand (DOH) has shown fluctuations in recent quarters. In Q4 2023, the company reported 387.72 days of inventory on hand, a significant increase from the previous quarter's 151.60 days. This surge in DOH raises concerns about the company's inventory management efficiency and potential overstocking.

Comparing Q4 2023 to the same quarter in the prior year (Q4 2022), the DOH has increased from 82.77 days to 387.72 days, indicating a substantial rise in inventory holding period. This prolonged period suggests that Dynavax may be facing challenges in quickly converting its inventory into sales, potentially leading to increased holding costs and tying up valuable resources.

Further analysis reveals that Q3 2023 had a DOH of 151.60 days, which was lower than Q4 2023 but still higher than previous quarters. The downward trend from Q4 2023 to Q3 2023 may suggest a more efficient management of inventory during that period.

Overall, Dynavax Technologies Corp. should closely monitor its inventory levels and strive to strike a balance between keeping enough inventory to meet demand without incurring excessive carrying costs. The company may consider implementing measures to streamline its supply chain, improve demand forecasting, and optimize inventory turnover to enhance operational efficiency and profitability.