LivaNova PLC (LIVN)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.37 | 6.30 | 7.30 | 7.82 | 8.73 | |
| DOH | days | 57.34 | 57.94 | 49.97 | 46.67 | 41.82 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.37
= 57.34
The days of inventory on hand (DOH) for LivaNova PLC have shown a increasing trend over the past five years.
As of December 31, 2020, the company had 41.82 days of inventory on hand, which increased to 46.67 days by December 31, 2021. This trend continued with DOH reaching 49.97 days by December 31, 2022, and further increasing to 57.94 days by December 31, 2023. However, by December 31, 2024, the DOH decreased slightly to 57.34 days.
This trend indicates that LivaNova PLC has been holding inventory for a longer period over the years, which may suggest inefficiencies in inventory management or changes in demand patterns. It is important for the company to closely monitor and potentially optimize its inventory practices to avoid excess carrying costs and potential obsolescence.
Peer comparison
Dec 31, 2024