Incyte Corporation (INCY)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		5.30	4.05	4.93	5.41	8.00
DOH	days	68.86	90.14	74.05	67.45	45.65

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.30
= 68.86

The days of inventory on hand (DOH) for Incyte Corporation have shown an increasing trend over the past five years. Starting at 45.65 days on December 31, 2020, the DOH has steadily climbed to 68.86 days by December 31, 2024. This indicates that the company is holding onto its inventory for a longer period before selling it, which could tie up working capital and potentially increase carrying costs. It is essential for Incyte Corporation to monitor and manage its inventory levels effectively to optimize its operations and ensure efficient use of resources.