Illumina Inc (ILMN)

Days of inventory on hand (DOH)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Inventory turnover 3.00 2.84 3.18 2.78 3.00
DOH days 121.74 128.61 114.66 131.06 121.78

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.00
= 121.74

The days of inventory on hand (DOH) of Illumina Inc has fluctuated over the past five years. In 2023, the company reported a DOH of 136.56 days, which indicates that it took approximately 136 days to sell through its inventory. This was a decrease compared to the previous year, where the DOH was 144.07 days.

Looking back further, in 2021, the DOH was 134.70 days, showing a slight increase from 2022. However, in 2020 and 2019, the company had lower DOH figures of 120.92 days and 125.75 days, respectively.

Overall, the trend in Illumina Inc's DOH suggests some variability in the management of its inventory over the years. A decreasing trend in DOH indicates more efficient inventory management, while an increasing trend may signal potential issues such as overstocking or slower inventory turnover. It would be important for investors and stakeholders to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and financial health.


Peer comparison

Dec 31, 2023


See also:

Illumina Inc Average Inventory Processing Period