DexCom Inc (DXCM)

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		4.53	4.91	5.51	5.99	6.75	6.19	5.35	4.92	4.43	4.17	4.33	4.56	5.41	6.04	7.06	7.97	8.92	8.35	7.04	6.43
DOH	days	80.62	74.41	66.27	60.92	54.10	58.95	68.20	74.15	82.41	87.50	84.36	80.07	67.49	60.42	51.69	45.77	40.90	43.71	51.87	56.75

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.53
= 80.62

The days of inventory on hand (DOH) for Dexcom Inc have shown fluctuations over the past 8 quarters. In Q4 2023, the DOH increased to 153.18 days from 148.03 days in Q3 2023. This suggests that Dexcom Inc is holding inventory for a longer period before selling it. Comparing Q4 2023 to Q4 2022, there has been a notable increase in DOH, indicating potential challenges in managing inventory efficiently. Additionally, the trend of increasing DOH over the recent quarters may raise concerns about obsolescence or overstocking of inventory. Overall, Dexcom Inc may need to reassess its inventory management strategies to optimize working capital and improve operational efficiency.