Intuitive Surgical Inc (ISRG)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		3.28	3.59	4.25	5.53	4.59
DOH	days	111.36	101.75	85.93	66.03	79.45

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.28
= 111.36

Intuitive Surgical Inc's days of inventory on hand (DOH) has exhibited fluctuations over the past five years. In December 2020, the company held inventory for approximately 79.45 days before selling it, which decreased to 66.03 days by December 2021. However, the DOH then increased to 85.93 days by December 2022, further rising to 101.75 days by December 2023, and reaching 111.36 days by December 2024.

The increasing trend in DOH from 2022 to 2024 indicates that Intuitive Surgical Inc may be carrying more days of inventory on hand, which could potentially tie up capital and impact liquidity. It is essential for the company to monitor and manage its inventory levels effectively to ensure optimal utilization of resources and maximize profitability.