Inspire Medical Systems Inc (INSP)

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 8.23 9.34 10.27 11.89 16.28 20.56 23.94 28.43 32.70 23.83 14.21 12.13 13.75 14.67 14.92 14.44 17.25 13.69 8.11 6.87
DOH days 44.36 39.07 35.56 30.70 22.42 17.75 15.25 12.84 11.16 15.32 25.69 30.09 26.55 24.88 24.47 25.27 21.15 26.66 45.03 53.17

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.23
= 44.36

The days of inventory on hand (DOH) for Inspire Medical Systems Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the DOH was at 53.17 days on March 31, 2020, indicating a longer time taken to sell off inventory. However, over the subsequent quarters, the DOH decreased steadily, reaching a low of 11.16 days on December 31, 2022, suggesting efficient inventory management and quicker turnover.

Subsequently, there was a slight increase in DOH, with the metric rising to 22.42 days by December 31, 2023, and further increasing to 44.36 days by December 31, 2024, indicating a slower inventory turnover during these periods.

Overall, the trend in DOH reflects varying levels of efficiency in managing inventory for Inspire Medical Systems Inc. It is essential for the company to monitor and optimize its inventory levels to ensure a balance between meeting customer demand and minimizing carrying costs.