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.