Hologic Inc (HOLX)
Days of inventory on hand (DOH)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.17 | 2.99 | 3.66 | 3.92 | 4.94 | |
| DOH | days | 115.08 | 122.04 | 99.61 | 93.11 | 73.93 |
September 30, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.17
= 115.08
Based on the data provided, Hologic, Inc.'s days of inventory on hand (DOH) has exhibited an upward trend over the past five years, indicating a lengthening of the average time it takes for the company to sell its inventory. In particular, the DOH increased from 101.22 days in 2019 to 143.24 days in 2023. This upward trend suggests that Hologic may be experiencing challenges in managing and selling its inventory efficiently. It is important for the company to assess its inventory management strategies and consider measures to streamline its inventory turnover in order to optimize its working capital and improve overall operational efficiency.
Peer comparison
Sep 30, 2023