Exelixis Inc (EXEL)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		29.77	35.52	15.55	16.53	15.72
DOH	days	12.26	10.28	23.47	22.07	23.22

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 29.77
= 12.26

The Days of Inventory on Hand (DOH) is a key efficiency ratio that indicates how quickly a company is able to sell its inventory. Looking at the data provided for Exelixis Inc, we observe fluctuations in the DOH over the years.

In December 2020, Exelixis had 23.22 days of inventory on hand, suggesting that it took approximately 23 days for the company to sell its inventory. This metric decreased slightly to 22.07 days by December 2021, indicating a small improvement in inventory turnover efficiency.

However, there was a slight increase in the DOH to 23.47 days by December 2022, which might indicate a slower inventory turnover rate compared to the previous year. The most significant change occurred by December 2023, where the DOH dropped significantly to 10.28 days. This could signal a considerable improvement in inventory management and sales performance during that period.

By December 2024, the DOH increased to 12.26 days, suggesting a slight slowdown in inventory turnover compared to the previous year. Overall, the trend in Exelixis Inc's DOH fluctuates throughout the years, showing variations in how efficiently the company manages its inventory levels.