ICU Medical Inc (ICUI)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 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
Inventory turnover		2.67	2.29	2.30	2.22	2.16	1.98	2.00	2.12	2.27	2.23	2.04	1.85	2.84	2.79	2.70	2.69	2.57	2.52	2.46	2.59
DOH	days	136.93	159.25	158.63	164.33	168.88	184.10	182.78	172.29	160.56	163.93	178.98	196.99	128.44	131.02	135.22	135.61	142.00	145.03	148.26	141.13

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.67
= 136.93

The days of inventory on hand (DOH) for ICU Medical Inc have shown some fluctuations over the past few years. From March 31, 2020, to June 30, 2021, the DOH remained relatively stable, fluctuating between 135 to 148 days. However, a significant increase in DOH was observed from March 31, 2022, to June 30, 2022, reaching a high of 196.99 days, indicating a potential issue with inventory management during this period.

Subsequently, there was a noticeable decrease in DOH from September 30, 2022, to December 31, 2024, suggesting improvements in inventory control. The DOH decreased to as low as 136.93 days by December 31, 2024, indicating that the company was able to manage its inventory more efficiently during this period.

Overall, fluctuations in the DOH of ICU Medical Inc over the analyzed period indicate potential challenges in managing inventory levels efficiently. Further investigation into the specific factors driving these fluctuations could provide insights into the company's inventory management practices and operational efficiency.