LivaNova PLC (LIVN)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		6.30	7.30	7.82	8.73	4.43
DOH	days	57.94	49.97	46.67	41.82	82.47

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.30
= 57.94

The days of inventory on hand (DOH) for LivaNova PLC have fluctuated over the past five years. In 2023, the company had 141.20 days of inventory on hand, which decreased from 150.12 days in 2022. This indicates that the company was able to sell its inventory more quickly in 2023 compared to the previous year.

Furthermore, the DOH in 2023 was higher compared to 117.29 days in 2021 but lower than 150.09 days in 2020. This suggests that LivaNova's inventory management has improved since 2021 but still lags behind the efficiency achieved in 2020.

The most significant improvement is seen when comparing DOH in 2023 to 185.14 days in 2019. This substantial decrease indicates that the company has made significant strides in managing its inventory more efficiently over the past five years.

Overall, LivaNova PLC has shown varying levels of efficiency in managing its inventory over the years, with a noteworthy improvement seen in 2023 compared to the previous years. Investors and stakeholders may find this trend in DOH helpful in assessing the company's operational performance and inventory management practices.