Haemonetics Corporation (HAE)

Days of inventory on hand (DOH)

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Inventory turnover		1.68	1.95	2.13	1.66	1.46
DOH	days	217.82	187.49	171.03	219.31	249.15

March 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.68
= 217.82

Haemonetics Corporation's Days of Inventory on Hand (DOH) has shown a decreasing trend over the past five years. In March 2021, the company had a DOH of 249.15 days, which decreased to 219.31 days by March 2022. This trend continued as the DOH further dropped to 171.03 days by March 2023. However, there was a slight increase in the DOH to 187.49 days by March 2024. Notably, the data for March 31, 2025, is missing, indicated by "— days."

Overall, the decreasing trend in DOH from 2021 to 2023 suggests that Haemonetics Corporation has been managing its inventory more efficiently, which could potentially lead to lower carrying costs and improved liquidity. The slight uptick in DOH in 2024 may warrant further investigation to understand the factors contributing to this change. A sharper analysis would be required to provide deeper insights into the company's inventory management effectiveness and operational efficiency.