Globus Medical (GMED)

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		0.65	0.39	0.84	0.86	0.88	0.90	0.93	0.96	1.01	1.02	1.02	0.96	0.95	0.89	0.86	0.90	0.92	0.95	0.98	1.14
DOH	days	564.73	935.00	432.19	425.51	413.79	404.34	391.58	380.78	361.61	359.00	356.34	378.68	384.62	412.09	423.06	406.87	398.14	385.38	372.34	320.52

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.65
= 564.73

To analyze Globus Medical Inc's days of inventory on hand (DOH), we can observe a significant fluctuation in the DOH ratio over the past eight quarters.

In Q4 2023, the DOH ratio was 564.73 days, which was a notable decrease from the previous quarter where it was reported at 935.00 days in Q3 2023. This decrease indicates that the company was able to manage its inventory more efficiently in Q4 2023.

However, when we compare Q4 2023 to the same quarter in the previous year (Q4 2022), there was a slight increase in the DOH ratio from 413.79 days to 564.73 days. This suggests that there may have been some challenges in managing inventory levels effectively year-over-year.

Overall, it is important for Globus Medical Inc to closely monitor and manage their inventory levels to ensure optimal efficiency and cost control. Further analysis of the reasons behind these fluctuations in the DOH ratio could provide valuable insights for the company's management and stakeholders.