Hologic Inc (HOLX)
Days of inventory on hand (DOH)
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.07 | 3.17 | 2.87 | 2.60 | 2.71 | 2.99 | 3.30 | 3.67 | 3.65 | 3.66 | 3.51 | 3.62 | 3.72 | 3.92 | 4.23 | 4.49 | 5.82 | 4.94 | 4.22 | 4.40 | |
| DOH | days | 118.71 | 115.08 | 127.14 | 140.33 | 134.67 | 122.04 | 110.76 | 99.54 | 100.00 | 99.62 | 104.11 | 100.72 | 98.21 | 93.10 | 86.26 | 81.33 | 62.71 | 73.93 | 86.58 | 82.87 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.07
= 118.71
Based on the data provided, Hologic Inc's days of inventory on hand (DOH) has shown fluctuations over the past few quarters. The DOH metric represents the average number of days it takes for a company to sell its inventory.
The trend in Hologic Inc's DOH indicates that the company has experienced varying levels of efficiency in managing its inventory. Higher DOH values, such as in March 2020 and March 2019, indicate that the company took longer to sell its inventory, possibly leading to excess or obsolete inventory.
Conversely, lower DOH values, such as in December 2019 and March 2021, suggest that the company has been able to turn over its inventory more quickly, which is generally a positive sign as it indicates efficient inventory management.
It is essential for Hologic Inc to strike a balance in managing its inventory levels to prevent stockouts or overstock situations, which may impact cash flow and profitability. Monitoring and analyzing the DOH ratio can help the company optimize its inventory levels and improve overall operational efficiency.
Peer comparison
Dec 31, 2023