Integra LifeSciences Holdings (IART)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		3.72	4.12	4.33	4.11	4.07
DOH	days	98.12	88.69	84.26	88.82	89.73

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.72
= 98.12

Integra Lifesciences Holdings Corp's days of inventory on hand (DOH) have shown fluctuations over the past five years. In 2023, the company held inventory for an average of 216.50 days, representing an increase from the previous year's figure of 201.71 days. The trend indicates that the company's inventory turnover has slightly decreased, potentially signaling inefficiencies in managing inventory levels.

Comparing the 2023 figure to 2021 and 2019, where the DOH was 193.78 days and 204.29 days, respectively, there is a noticeable upward trend in the time it takes for the company to sell its inventory. This may suggest challenges in optimizing inventory turnover and could lead to increased carrying costs and potential risks of obsolescence.

However, when compared to 2020, where the DOH was 217.33 days, there seems to be a slight improvement in inventory management efficiency in 2023. It is essential for Integra Lifesciences Holdings Corp to closely monitor and potentially streamline its inventory management processes to reduce DOH, improve liquidity, and enhance overall operational efficiency.