Harmony Biosciences Holdings (HRMY)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		62.98	62.78	46.47	34.83
DOH	days	5.80	5.81	7.85	10.48

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 62.98
= 5.80

Over the past four years, Harmony Biosciences Holdings Inc has shown a decreasing trend in its days of inventory on hand (DOH), indicating more efficient management of inventory levels. The company reduced its DOH from 50.31 days in 2020 to 16.15 days in 2023. This improvement suggests that the company has been able to sell its inventory faster, potentially leading to lower carrying costs, improved cash flow, and reduced risk of obsolescence. It is essential to continue monitoring this trend to ensure ongoing efficiency in inventory management practices.