Innoviva Inc (INVA)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.09 | 1.21 | 0.25 | — | — | |
| DOH | days | 336.35 | 301.00 | 1,479.19 | — | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.09
= 336.35
The days of inventory on hand (DOH) for Innoviva Inc have exhibited fluctuations over the years. On December 31, 2022, the company had a significantly high DOH of 1,479.19 days, indicating a prolonged time taken to sell off its inventory. This may suggest inefficiencies in inventory management or potential obsolescence issues.
However, in the following years, there was a marked improvement in inventory turnover performance. By December 31, 2023, the DOH decreased substantially to 301.00 days, reflecting a more efficient management of inventory levels. This suggests a more optimal balance between stocking inventory and selling it.
By December 31, 2024, the DOH slightly increased to 336.35 days, which could be due to seasonality or changes in business operations. Overall, the trend indicates a mix of challenges and improvements in managing inventory effectively over the years.
Peer comparison
Dec 31, 2024