Innoviva Inc (INVA)
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 | 1.67 | 2.12 | 1.98 | 1.69 | 1.29 | 0.98 | 0.71 | 0.56 | 0.37 | 0.20 | 2.78 | — | — | — | — | — | — | — | — | — | |
| DOH | days | 218.01 | 172.54 | 184.29 | 216.19 | 282.50 | 373.22 | 516.25 | 653.49 | 976.89 | 1,816.46 | 131.20 | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.67
= 218.01
Days of Inventory on Hand (DOH) is a financial ratio that measures the average number of days a company takes to sell its entire inventory, indicating the efficiency of inventory management.
Analyzing Innoviva Inc's DOH over the past few quarters reveals fluctuations in the efficiency of inventory turnover. For the quarters ending in March 2022 and June 2022, the company had 131.20 days of inventory on hand, suggesting a relatively longer time to sell inventory.
However, there was a significant spike in DOH for the quarter ending September 2022, where the company had 1,816.46 days of inventory on hand, indicating severe inventory management issues or potential inaccuracies in reporting. This was followed by a decrease in the subsequent quarters, down to 172.54 days as of September 30, 2024.
The downward trend in DOH from September 2022 to December 2024 indicates a potential improvement in inventory management efficiency. However, the ratio still remains relatively high compared to industry benchmarks, suggesting the need for continued monitoring and potential adjustments to optimize inventory turnover.
Peer comparison
Dec 31, 2024