Merit Medical Systems Inc (MMSI)

Days of inventory on hand (DOH)

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 Mar 31, 2020
Inventory turnover 3.86 3.71 3.78 3.71 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
DOH days 94.47 98.37 96.46 98.31 100.48 103.32 105.46 102.18 94.70 88.65 85.05 83.83 82.15 76.16 70.93 75.05 73.68 76.68 81.61 83.86

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.86
= 94.47

The days of inventory on hand (DOH) for Merit Medical Systems Inc have shown fluctuations over the past few years based on the provided data.

- The trend indicates that DOH initially decreased from 83.86 days on March 31, 2020, to 70.93 days on June 30, 2021, reflecting improved inventory management efficiency.
- However, from September 2021 to December 2024, DOH gradually increased, reaching a peak of 105.46 days on June 30, 2023, before slightly decreasing to 94.47 days on December 31, 2024.
- The increase in DOH can be an indicator of potential issues such as overstocking, slower inventory turnover, or challenges in demand forecasting.
- Higher DOH levels suggest that the company is holding onto inventory for a longer period, which may tie up working capital and lead to higher carrying costs.
- It could be beneficial for Merit Medical Systems Inc to assess its inventory management practices to optimize inventory levels and improve working capital efficiency.

Overall, the varying levels of DOH for Merit Medical Systems Inc over the analyzed period may require further investigation to determine the underlying factors contributing to these fluctuations and whether any adjustments are needed to enhance operational efficiency and financial performance.