Edwards Lifesciences Corp (EW)

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		1.14	1.18	1.36	1.19	1.18	1.24	1.21	1.21	1.23	1.49	1.61	1.72	1.72	1.67	1.59	1.44	1.35	1.38	1.47	1.73
DOH	days	320.63	309.60	269.21	307.19	309.03	294.21	302.12	300.49	295.78	244.34	226.99	212.52	212.38	217.93	230.06	252.76	271.00	263.67	248.00	210.60

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.14
= 320.63

The days of inventory on hand (DOH) for Edwards Lifesciences Corp have shown some fluctuations over the past few years. The company's DOH increased from 210.60 days as of March 31, 2020, to a peak of 320.63 days as of December 31, 2024. This indicates a significant increase in the time it takes for the company to sell its inventory during this period.

It is worth noting that the DOH decreased from the peak in 2024 to 269.21 days as of June 30, 2024, but then increased again to 309.60 days as of September 30, 2024. This volatility in DOH suggests potential challenges in managing inventory levels efficiently.

Overall, a high DOH can indicate overstocking or slow-moving inventory, which could tie up the company's capital and lead to increased storage costs. Conversely, a low DOH may suggest stockouts or the company may be operating with lean inventory, which could potentially impact customer satisfaction and sales.

Given the fluctuating nature of the DOH for Edwards Lifesciences Corp, it would be advisable for the company to closely monitor and optimize its inventory management practices to achieve a more stable and efficient inventory turnover ratio.