Fulgent Genetics Inc (FLGT)

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 31.71 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 50.93 54.27 29.55 25.75
DOH days 11.51 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 7.17 6.73 12.35 14.17

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 31.71
= 11.51

To analyze Fulgent Genetics Inc's Days of Inventory on Hand (DOH) over the specified quarters, we observe the following trends:

- The DOH has been fluctuating over the past eight quarters, ranging from a low of 6.20 days in Q1 2023 to a high of 17.91 days in Q3 2022.
- In Q4 2023, data was not provided for the DOH. This missing data point prevents a direct comparison with the previous quarter's performance.
- The DOH decreased significantly from Q3 2022 to Q1 2023, indicating a more efficient management of inventory levels during that period.
- On average, the DOH appears to have decreased over the past two quarters from Q2 2023 to Q4 2022, possibly suggesting improvements in inventory turnover efficiency.
- Further analysis and comparison with industry benchmarks or competitor data may provide additional insights into Fulgent Genetics Inc's inventory management effectiveness.

In conclusion, while there have been fluctuations in Fulgent Genetics Inc's DOH over the past eight quarters, a more detailed examination and trend analysis would be necessary to assess the company's inventory management performance accurately.