Johnson & Johnson (JNJ)

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		4.44	4.34	4.46	4.99	3.93	3.83	3.25	3.20	5.45	5.07	5.37	5.55	5.72	5.66	5.74	5.61	5.94	4.19	4.24	4.60
DOH	days	82.16	84.14	81.86	73.09	92.91	95.25	112.37	114.12	66.94	72.01	68.02	65.80	63.82	64.53	63.54	65.06	61.45	87.20	86.17	79.28

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.44
= 82.16

The days of inventory on hand (DOH) for Johnson & Johnson has shown some fluctuations over the past few years. From March 31, 2020, to June 30, 2022, the DOH stayed relatively stable, ranging between 61.45 days and 72.01 days. This indicates an efficient management of inventory levels during this period.

However, there was a significant spike in the DOH in the first quarter of 2023, reaching 114.12 days, and it remained elevated for the following two quarters before starting to decline gradually. This sudden increase suggests that there may have been issues with inventory management or unexpected disruptions in the supply chain during that period.

From December 31, 2023, to December 31, 2024, the DOH fluctuated around the 80-day mark, indicating that inventory levels may have normalized, but it remained slightly higher than the levels seen before the spike in early 2023.

Overall, Johnson & Johnson should continue monitoring its inventory levels closely to ensure optimal efficiency in managing its inventory and supply chain operations.