Haemonetics Corporation (HAE)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Inventory turnover		3.60	3.59	3.68	3.54	3.84	3.81	3.69	3.25	3.12	2.97	2.75	2.63	2.51	2.71	2.78	3.03	3.56	3.80	3.88	4.24
DOH	days	101.49	101.76	99.13	103.25	95.08	95.81	99.00	112.47	117.12	122.95	132.75	139.01	145.18	134.86	131.26	120.60	102.39	96.10	94.09	86.01

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.60
= 101.49

Haemonetics Corporation's days of inventory on hand (DOH) have shown fluctuations over the past several quarters. The trend indicates that the company has carried inventory for an average of 101.49 days as of March 31, 2024, which is relatively stable compared to the previous quarter.

However, there have been fluctuations in the DOH over the quarters, with a peak of 145.18 days as of March 31, 2021, and a low of 86.01 days as of June 30, 2019. This variability suggests that Haemonetics may have experienced challenges in managing its inventory levels efficiently in the past.

It is important for Haemonetics to closely monitor and manage its inventory turnover to ensure that excess inventory does not tie up unnecessary capital and negatively impact its cash flow. Analyzing the reasons behind the fluctuations in DOH can help the company optimize its inventory management practices to improve operational efficiency and profitability.