LeMaitre Vascular Inc (LMAT)

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		2.54	2.50	2.53	2.48	2.54	2.60	2.56	2.45	2.40	2.39	2.34	2.11	2.05	2.05	1.92	2.26	2.27	2.28	2.46	2.63
DOH	days	143.79	145.80	144.44	147.09	143.91	140.35	142.44	148.70	151.82	153.03	155.95	172.80	178.42	178.36	189.83	161.70	160.50	160.15	148.16	138.86

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.54
= 143.79

The days of inventory on hand (DOH) for Lemaitre Vascular Inc have shown a fluctuating trend over the past eight quarters. In Q4 2023, the company had 319.10 days of inventory on hand, which was higher compared to the previous quarter at 284.73 days. This suggests that Lemaitre Vascular Inc held its inventory for a longer period in Q4 2023.

Looking at the historical data, there has been some variability in DOH, with peaks and troughs observed throughout the quarters. However, the general trend shows relatively stable levels of inventory days over the quarters, hovering around the 280-300 days range. This indicates that Lemaitre Vascular Inc has been maintaining a consistent level of inventory relative to its sales volume.

It is important to note that a high DOH can tie up capital in inventory and increase storage costs, while a low DOH may result in stockouts or production disruptions. Therefore, Lemaitre Vascular Inc should continue to monitor and manage its inventory levels effectively to optimize its operations and financial performance.