Integer Holdings Corp (ITGR)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.09 | 4.92 | 4.87 | 5.68 | 5.28 | |
| DOH | days | 71.73 | 74.25 | 74.92 | 64.28 | 69.19 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.09
= 71.73
The days of inventory on hand (DOH) for Integer Holdings Corp have shown some fluctuations over the past five years. The trend indicates that the company has been managing its inventory effectively relative to its sales.
On December 31, 2020, the DOH was 69.19 days, suggesting that, on average, the company held inventory for around 69 days before selling it. By December 31, 2021, the DOH had decreased to 64.28 days, indicating that the company was able to accelerate its inventory turnover slightly.
However, by December 31, 2022, the DOH increased to 74.92 days, suggesting that Integer Holdings Corp may have had excess inventory relative to its sales during that period. This trend continued into December 31, 2023, with a DOH of 74.25 days.
On December 31, 2024, the DOH improved slightly to 71.73 days, indicating that the company may have taken steps to better manage its inventory levels.
In conclusion, Integer Holdings Corp's DOH has varied over the years, with some fluctuations indicating potential changes in inventory management strategies. It is essential for the company to continue monitoring and optimizing its inventory levels to ensure efficient operations and maintain healthy financial performance.
Peer comparison
Dec 31, 2024