Glaukos Corp (GKOS)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		7.79	7.64	10.79	16.80	5.20
DOH	days	46.87	47.75	33.83	21.73	70.14

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.79
= 46.87

The days of inventory on hand (DOH) for Glaukos Corporation have varied significantly over the past five years. In 2023, the company had an average of 202.78 days of inventory on hand, which indicates that it took approximately 202.78 days to sell its inventory during the year.

Comparing this to the previous years, we observe a steady increase in DOH from 2019 to 2021, which suggests a prolonged holding period for inventory. This trend may indicate inefficiencies in inventory management or potential challenges in forecasting demand accurately.

The drastic decrease in DOH from 2021 to 2023 could indicate improvements in inventory management practices, possibly through more effective demand forecasting or streamlined production processes. However, a DOH of over 200 days still suggests that Glaukos Corporation may be facing challenges in optimizing its inventory turnover and liquidity.

Overall, the trend in Glaukos Corporation's days of inventory on hand over the past five years highlights the importance of efficient inventory management to maintain healthy liquidity levels and operational efficiency.