Integer Holdings Corp (ITGR)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.93 | 5.93 | 6.90 | 6.31 | 6.48 | |
| DOH | days | 61.60 | 61.51 | 52.90 | 57.81 | 56.35 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.93
= 61.60
Integer Holdings Corp's days of inventory on hand (DOH) have shown some fluctuations over the past five years. In 2023, the company held inventory for an average of 74.25 days, a slight decrease from the previous year's 74.92 days. However, compared to 2021, the DOH increased, indicating that the company held inventory for a longer period in 2023.
The trend in DOH over the past five years suggests some variability in the efficiency of inventory management. While there have been fluctuations, the overall pattern indicates that Integer Holdings Corp has maintained a relatively consistent level of inventory management, with DOH ranging between 64.28 days and 74.92 days.
Further analysis and comparison with industry benchmarks would be necessary to determine if Integer Holdings Corp's inventory management practices are in line with industry standards and to assess the impact of inventory levels on the company's financial performance and profitability.
Peer comparison
Dec 31, 2023