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.
Peer comparison
Mar 31, 2024