Merit Medical Systems Inc (MMSI)

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		3.63	3.53	3.46	3.57	3.85	4.12	4.29	4.35	4.44	4.79	5.15	4.86	4.95	4.76	4.47	4.35	4.35	4.30	4.36	4.27
DOH	days	100.48	103.32	105.46	102.18	94.70	88.65	85.05	83.83	82.15	76.16	70.93	75.05	73.68	76.68	81.61	83.86	84.00	84.97	83.79	85.46

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.63
= 100.48

To analyze Merit Medical Systems, Inc.'s days of inventory on hand (DOH) performance, we can observe a fluctuating trend over the past eight quarters. The company's DOH has generally been increasing from Q1 2022 to Q3 2022, reaching a peak of 173.41 days in Q2 2023. This suggests that the company has been holding inventory for a longer period, which may indicate potential inefficiencies in managing inventory levels.

However, it is notable that there was a slight decrease in DOH from Q2 2023 to Q4 2023, when it reached 164.68 days. This could be a positive sign that the company has been able to optimize its inventory management processes and reduce the days of inventory on hand.

Overall, Merit Medical Systems, Inc. should continue monitoring and evaluating its inventory management strategies to ensure efficient use of resources and minimize excess inventory holding costs.