Integer Holdings Corp (ITGR)
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 | 5.20 | 4.73 | 4.55 | 4.61 | 4.92 | 4.95 | 4.83 | 4.75 | 4.87 | 4.63 | 4.84 | 5.24 | 5.68 | 5.69 | 5.43 | 4.95 | 5.28 | 5.37 | 5.07 | 5.34 | |
| DOH | days | 70.14 | 77.12 | 80.13 | 79.25 | 74.25 | 73.69 | 75.50 | 76.87 | 74.92 | 78.89 | 75.39 | 69.70 | 64.28 | 64.18 | 67.20 | 73.68 | 69.19 | 68.03 | 72.04 | 68.40 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.20
= 70.14
Days of Inventory on Hand (DOH) is a crucial financial ratio that measures how efficiently a company manages its inventory. It indicates the number of days it takes for a company to sell its average inventory.
Integer Holdings Corp's DOH has fluctuated over the past few years. From March 31, 2020, to December 31, 2024, the DOH ranged from a low of 64.18 days to a high of 80.13 days. The trend shows some volatility in inventory management efficiency.
In the earlier years, DOH remained relatively stable around the high 60s, indicating a consistent inventory turnover cycle. However, from June 30, 2022, to June 30, 2024, there was an upward trend in DOH, reaching its peak at 80.13 days. This increase suggests a slower inventory turnover rate, which may potentially lead to higher carrying costs and increased risk of inventory obsolescence.
It will be important for Integer Holdings Corp to closely monitor its inventory levels and review its inventory management processes to address the prolonged DOH trend. By optimizing inventory turnover and reducing excess inventory, the company can enhance its working capital efficiency and improve profitability in the long run.
Peer comparison
Dec 31, 2024