Masimo Corporation (MASI)
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 | 2.77 | 2.68 | 2.94 | 3.48 | 3.13 | 2.46 | 1.94 | 2.01 | 2.14 | 2.11 | 2.04 | 1.94 | 1.86 | 1.82 | 2.23 | 2.70 | 2.66 | 2.76 | 3.04 | 3.15 | |
| DOH | days | 131.92 | 136.32 | 124.09 | 105.01 | 116.52 | 148.43 | 188.38 | 181.95 | 170.61 | 173.22 | 178.83 | 188.35 | 196.72 | 200.31 | 163.34 | 135.41 | 137.02 | 132.19 | 120.20 | 115.73 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.77
= 131.92
The days of inventory on hand (DOH) for Masimo Corporation has fluctuated over the past few years. It appears that the company has been able to manage its inventory levels more efficiently in recent quarters compared to previous periods.
In the most recent quarter, as of Dec 31, 2023, the DOH stands at 131.92 days, indicating that Masimo is holding inventory for approximately 132 days on average before it is sold. This is a slight decrease from the Sep 30, 2023 figure of 136.32 days, showing a positive trend in inventory management.
Looking back over the past two years, there was a significant improvement in DOH from the higher levels seen in 2022, where figures exceeded 180 days in some quarters. This improvement suggests that Masimo has successfully implemented inventory control measures to optimize its storage and production processes.
It is worth noting that while the DOH has been trending downwards, Masimo should continue to monitor and fine-tune its inventory management practices to ensure that inventory levels remain in line with demand and that working capital is utilized efficiently. Overall, the recent downward trend in DOH is a positive indicator of improved inventory management efficiency for Masimo Corporation.
Peer comparison
Dec 31, 2023