Mesa Laboratories Inc (MLAB)

Days of inventory on hand (DOH)

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		—	3.47	3.18	2.94	2.71	2.31	2.57	2.41	2.46	2.57	3.26	3.04	3.06	2.73	4.30	4.13	4.23	4.15	4.49	4.08
DOH	days	—	105.14	114.73	124.29	134.89	158.23	142.14	151.38	148.08	141.93	112.08	120.14	119.36	133.80	84.80	88.44	86.27	87.99	81.38	89.55

March 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The Days of Inventory on Hand (DOH) ratio for Mesa Laboratories Inc has shown some fluctuations over the past few years. The DOH measures the number of days it takes for a company to sell its average inventory balance. A lower DOH is generally favorable as it indicates efficient inventory management.

From June 30, 2020, to June 30, 2022, the DOH remained relatively stable between 81.38 to 120.14 days. However, there was a significant increase in DOH to 158.23 days by December 31, 2023, which suggests a potential issue with inventory management or slower inventory turnover during that period.

The subsequent quarters saw a decrease in DOH to 105.14 days by December 31, 2024, indicating a potential improvement in inventory management. However, the data for March 31, 2025, is missing, making it challenging to assess the latest trend.

It is essential for Mesa Laboratories Inc to closely monitor and analyze its inventory levels and turnover to ensure optimal use of resources and timely conversion of inventory into sales to maximize profitability.