Hologic Inc (HOLX)
Days of inventory on hand (DOH)
| Sep 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.65 | 3.05 | 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 | |
| DOH | days | 137.66 | 119.49 | 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 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.65
= 137.66
The Days of Inventory on Hand (DOH) for Hologic Inc has shown some fluctuation over the past few years. The trend indicates that the company has been holding inventory for a longer period in recent quarters, as seen in the increasing DOH figures from 62.71 days in March 2020 to 137.66 days in September 2024.
This implies that Hologic Inc may be facing challenges in managing or turning over its inventory efficiently during this period. Holding inventory for a longer time can tie up capital and lead to higher storage costs, potentially affecting the company's profitability and liquidity.
However, it is important to consider industry norms and the nature of Hologic's business when assessing the significance of these DOH figures. Further analysis and comparison with industry peers would provide more insight into the company's inventory management efficiency.
Peer comparison
Sep 30, 2024