Laboratory Corporation of America Holdings (LH)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 19.03 | 18.53 | 17.33 | 26.15 | 21.33 | |
| DOH | days | 19.18 | 19.69 | 21.06 | 13.96 | 17.11 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 19.03
= 19.18
The days of inventory on hand (DOH) for Laboratory Corporation of America Holdings decreased from 17.11 days as of December 31, 2020, to 13.96 days as of December 31, 2021, indicating a more efficient management of inventory levels. However, there was an increase in DOH to 21.06 days as of December 31, 2022, which suggests a possible buildup of inventory relative to sales demand. The DOH decreased slightly to 19.69 days as of December 31, 2023, and further to 19.18 days as of December 31, 2024, showing a gradual improvement in inventory management efficiency over the latter years. Overall, fluctuations in DOH may reflect changes in inventory management practices, sales performance, or supply chain dynamics within the company.
Peer comparison
Dec 31, 2024