DexCom Inc (DXCM)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		2.89	2.38	3.35	2.15	2.76
DOH	days	126.36	153.18	109.03	169.81	132.49

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.89
= 126.36

The days of inventory on hand (DOH) for DexCom Inc have shown some fluctuations over the years based on the provided data. As of December 31, 2020, the company had an inventory holding period of 132.49 days, which increased to 169.81 days by December 31, 2021. Subsequently, there was a notable decrease in DOH to 109.03 days by December 31, 2022. However, the trend reversed as of December 31, 2023, with the DOH rising to 153.18 days. By December 31, 2024, the DOH stood at 126.36 days.

Overall, the analysis indicates that DexCom Inc experienced some volatility in its inventory holding period over the years, which could be attributed to various factors such as changes in demand, production efficiency, or inventory management practices. Further assessment would be needed to determine the underlying reasons for these fluctuations and to evaluate the effectiveness of the company's inventory management strategies.