Dynavax Technologies Corporation (DVAX)

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		0.71	0.72	0.72	0.75	0.94	2.41	3.15	4.11	4.41	2.52	3.48	2.39	2.83	1.54	0.55	0.49	0.22	0.25	0.31	0.42
DOH	days	517.13	509.27	508.12	485.97	387.72	151.60	115.98	88.89	82.77	144.78	104.89	152.71	128.98	237.06	663.48	741.63	1,671.21	1,477.65	1,188.88	879.21

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.71
= 517.13

Dynavax Technologies Corporation's days of inventory on hand (DOH) has shown a fluctuating trend over the past few years based on the provided data. The DOH was high in the early periods, peaking at 1,671.21 days on December 31, 2020, indicating an extended period of time it took the company to sell its inventory. This could suggest inefficiencies in inventory management or overstocking.

Subsequently, there was a significant decrease in DOH, reaching as low as 82.77 days on December 31, 2022. This sharp reduction may indicate improved inventory management practices, possibly due to better demand forecasting, streamlined operations, or more efficient production processes.

However, there was an increase in DOH towards the end of the period, reaching 517.13 days on December 31, 2024. This rise could raise concerns about potential inventory buildup or slower sales turnover, which may lead to increased carrying costs and reduced liquidity.

Overall, continuous monitoring and analysis of DOH are essential for Dynavax Technologies Corporation to optimize inventory levels, minimize carrying costs, and ensure efficient operations. A balance must be struck to maintain adequate inventory levels to meet demand while avoiding excess stock that could tie up capital.