LeMaitre Vascular Inc (LMAT)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 1.06 1.27 1.13 1.15 0.99
DOH days 343.64 287.52 323.30 317.26 367.99

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.06
= 343.64

LeMaitre Vascular Inc's days of inventory on hand (DOH) have fluctuated over the past five years according to the provided data. As of December 31, 2020, the company had 367.99 days of inventory on hand, which decreased to 317.26 days by December 31, 2021. Subsequently, the DOH increased slightly to 323.30 days by December 31, 2022, before declining to 287.52 days by December 31, 2023. However, by December 31, 2024, the DOH rose again to 343.64 days.

Overall, the trend in LeMaitre Vascular Inc's DOH indicates some variability in managing its inventory levels over the years. It is important for the company to strike a balance between maintaining sufficient inventory to meet demand and avoiding excessive holding costs associated with carrying excess inventory for extended periods. Monitoring and potentially optimizing inventory turnover could help improve operational efficiency and working capital management.