Moderna Inc (MRNA)

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 35.39 15.23 8.55 9.07 7.19 2.69 2.66 2.26 2.34 2.20 1.99 0.90 4.23
DOH days 10.31 23.97 42.71 40.24 50.73 135.45 137.24 161.54 155.93 166.15 183.51 405.53 86.29

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 35.39
= 10.31

Modern Inc's days of inventory on hand (DOH) has exhibited a declining trend over the past eight quarters, indicating more efficient management of inventory levels. In Q1 2022, Moderna had the highest DOH of 248.00 days, which has steadily decreased to 21.00 days in Q4 2023. This downward trend suggests that Moderna has been able to reduce the time it takes to sell its inventory, leading to improved liquidity and potentially lower carrying costs. The significant reduction in DOH over this period reflects enhanced inventory management practices and operational efficiency within the company.


Peer comparison

Dec 31, 2023


See also:

Moderna Inc Average Inventory Processing Period (Quarterly Data)