Integer Holdings Corp (ITGR)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.39 | 5.98 | 5.84 | 5.75 | 5.93 | 5.62 | 5.89 | 6.37 | 6.90 | 6.95 | 6.49 | 5.96 | 6.31 | 4.56 | 4.50 | 4.77 | 4.81 | 5.26 | 5.58 | 5.77 | |
| DOH | days | 83.19 | 61.07 | 62.45 | 63.49 | 61.51 | 64.90 | 61.97 | 57.33 | 52.90 | 52.49 | 56.23 | 61.24 | 57.81 | 79.98 | 81.03 | 76.52 | 75.88 | 69.45 | 65.39 | 63.21 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.39
= 83.19
To analyze Integer Holdings Corp's days of inventory on hand (DOH) over the past 8 quarters, we observe a fluctuating trend.
In Q4 2023, the DOH was 74.25 days, slightly higher than Q3 2023 at 73.69 days. This indicates a marginal increase in the time it takes for the company to sell its inventory. However, when compared to historical data, the DOH in Q4 2023 is lower than the same quarter in the previous year, Q4 2022, which recorded 74.92 days.
Looking further back, we see a peak in DOH in Q3 2022 at 78.89 days, followed by a relative decrease in the subsequent quarters. The lowest DOH in the provided data is seen in Q1 2022, at 69.70 days. This indicates an improvement in inventory turnover efficiency during that period.
Overall, while there have been fluctuations in Integer Holdings Corp's DOH over the past 8 quarters, it is essential for the company to monitor and manage its inventory levels effectively to ensure optimal utilization and minimize carrying costs.
Peer comparison
Dec 31, 2023