Enovis Corp (ENOV)
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 | 3.87 | 3.90 | 3.97 | 4.07 | 5.06 | 10.63 | 11.94 | 6.02 | 14.10 | 4.21 | 4.50 | 4.25 | 4.14 | 4.38 | 4.25 | 4.48 | 4.32 | 4.30 | 4.01 | 3.01 | |
| DOH | days | 94.31 | 93.49 | 92.05 | 89.58 | 72.07 | 34.34 | 30.56 | 60.63 | 25.88 | 86.61 | 81.13 | 85.79 | 88.13 | 83.38 | 85.98 | 81.47 | 84.42 | 84.90 | 90.97 | 121.44 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.87
= 94.31
The days of inventory on hand (DOH) for Enovis Corp has been fluctuating over the past eight quarters, indicating varying efficiency in managing its inventory levels. In Q3 and Q2 of 2023, the company had a significantly high DOH of 615.70 days and 607.75 days respectively, suggesting that Enovis may have had excess inventory or faced challenges in selling its products efficiently. This was a notable increase from previous quarters where the DOH ranged from 224.48 days to 133.85 days in Q4 2022 and Q1 2022 respectively.
Q1 2023 also showed a relatively high DOH of 589.76 days, which could indicate potential issues with inventory management during that period. On the other hand, in Q2 2022 and Q3 2022, the company managed its inventory more effectively with DOH of 75.50 days and 98.49 days respectively, reflecting a more efficient utilization of its inventory resources.
Overall, Enovis Corp's fluctuating DOH figures suggest the need for the company to closely monitor and improve its inventory management practices to ensure optimal levels and efficient turnover of inventory.
Peer comparison
Dec 31, 2023