Harmony Biosciences Holdings (HRMY)

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
Inventory turnover		62.98	61.03	61.18	69.89	62.78	64.86	55.79	47.03	46.47	39.83	34.69
DOH	days	5.80	5.98	5.97	5.22	5.81	5.63	6.54	7.76	7.85	9.16	10.52

December 31, 2023 calculation

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

The days of inventory on hand (DOH) for Harmony Biosciences Holdings Inc fluctuated over the past 8 quarters, showing variations in the efficiency of managing its inventory. In Q4 2023, the company held inventory for an average of 16.15 days, which was a slight decrease compared to the previous quarter. This indicates an improved efficiency in managing inventory levels during this period. However, the DOH has shown a general decreasing trend since Q2 2022, indicating the company's efforts to streamline its inventory management processes. Overall, Harmony Biosciences Holdings Inc appears to be making progress in optimizing its inventory levels over the analyzed period.