LivaNova PLC (LIVN)

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 6.21 5.40 6.29 6.70 7.20 7.43 6.44 6.96 7.70 6.48 6.33 6.07 6.49 3.92 4.12 4.88 5.14 5.62 4.82 3.97
DOH days 58.74 67.56 58.07 54.44 50.67 49.14 56.68 52.41 47.40 56.34 57.63 60.18 56.27 93.00 88.55 74.79 71.02 64.90 75.68 92.03

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.21
= 58.74

To analyze LivaNova PLC's Days of Inventory on Hand (DOH) based on the data provided, we observe a fluctuating trend over the past eight quarters. DOH represents the average number of days a company holds onto its inventory before selling it.

In Q4 2023, the DOH was at 141.20 days, showing a decrease from the previous quarter's 166.71 days. This may indicate better inventory management efficiency in the latest period. However, Q4 2023's DOH remains higher compared to Q1 2022, where it was at 130.23 days.

In general, LivaNova PLC's DOH has experienced some variability over the quarters, with peaks observed in Q3 2023 and Q1 2023. The company seems to have made efforts to reduce inventory holding periods in specific quarters but has not maintained a consistent downward trend.

Further analysis and comparison with industry benchmarks or historical data could provide additional insights into the effectiveness of LivaNova PLC's inventory management strategies and their potential impact on the company's overall financial performance.


Peer comparison

Dec 31, 2023