Masimo Corporation (MASI)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.15 | 3.26 | 2.14 | 1.86 | 2.66 | |
| DOH | days | 115.75 | 111.89 | 170.66 | 196.69 | 137.02 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.15
= 115.75
Masimo Corporation's Days of Inventory on Hand (DOH) has exhibited fluctuations over the past five years. The company managed to reduce its DOH from 137.02 days in 2019 to 111.89 days in 2022, implying more efficient inventory management during this period. However, this trend shifted in 2023 as the DOH increased to 115.75 days, indicating a slight deterioration in inventory management efficiency compared to the previous year. The significant decrease in DOH from 2019 to 2022 suggests that Masimo's efforts to streamline its inventory may have yielded positive results, but the slight uptick in 2023 warrants further monitoring to ensure optimal inventory control in the future.
Peer comparison
Dec 31, 2023