Hims Hers Health Inc (HIMS)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.77 | 4.68 | 5.66 | 6.99 | 6.79 | 6.55 | 6.23 | 5.48 | 4.74 | 4.82 | 6.74 | 4.97 | 5.01 | 6.84 | 9.27 | 11.09 | 6.05 | 3.28 | 1.63 | ||
| DOH | days | 76.49 | 77.95 | 64.50 | 52.21 | 53.74 | 55.70 | 58.57 | 66.59 | 77.00 | 75.71 | 54.13 | 73.44 | 72.91 | 53.33 | 39.37 | 32.90 | 60.30 | 111.42 | 223.60 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.77
= 76.49
The days of inventory on hand (DOH) for Hims Hers Health Inc has shown fluctuations over the last few quarters.
From the data provided, we can observe that the DOH has ranged from a low of 32.90 days to a high of 223.60 days. This indicates significant variability in the company's inventory management efficiency.
The trend in recent quarters indicates an improvement in inventory management efficiency, as the DOH has decreased from 77.95 days in Jun 30, 2024, to 64.50 days in Mar 31, 2024, and further down to 52.21 days in Dec 31, 2023.
However, it is worth noting that the DOH spiked to 111.42 days in Sep 30, 2020, and reached its peak at 223.60 days in Dec 31, 2019. This suggests a period of inefficient inventory management or possibly inventory build-up during those quarters.
Overall, the company should continue monitoring its inventory levels and strive to strike a balance between carrying enough inventory to meet demand without tying up excess capital in excess inventory.