Fulgent Genetics Inc (FLGT)

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 21.50 21.21 26.04 28.14 32.04 39.82 37.77 46.95 58.89 34.56 20.38 20.65 17.66 9.35 7.41 6.22 5.45 2.35 8.95 9.93
DOH days 16.98 17.21 14.02 12.97 11.39 9.17 9.66 7.77 6.20 10.56 17.91 17.67 20.67 39.05 49.27 58.66 67.02 155.46 40.77 36.77

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 21.50
= 16.98

The days of inventory on hand (DOH) for Fulgent Genetics Inc have shown fluctuations over the past few years. From March 31, 2020, to September 30, 2020, the DOH increased significantly from 36.77 days to 155.46 days, indicating the company held inventory for a longer period. However, from December 31, 2020, to September 30, 2021, there was a gradual decrease in the DOH, suggesting better management of inventory levels.

The trend continued as the DOH further decreased to 6.20 days by December 31, 2022, indicating efficient inventory management and possibly a more streamlined supply chain. However, there was a slight increase in DOH by March 31, 2023, which could be attributed to various factors such as changes in demand or supply disruptions.

From June 30, 2023, to December 31, 2024, the DOH remained relatively stable, fluctuating between 9.66 days and 16.98 days. This stability in inventory holding periods suggests that Fulgent Genetics may have established a balance in managing their inventory to meet demand effectively while minimizing excess or obsolete inventory.

Overall, the decreasing trend in DOH over the years reflects a positive development in Fulgent Genetics' inventory management efficiency, which is crucial for optimizing working capital and enhancing profitability.