Inari Medical Inc (NARI)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		9.82	1.37	1.18	1.24
DOH	days	37.16	267.20	310.39	295.12

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.82
= 37.16

The trend analysis of Inari Medical Inc's days of inventory on hand (DOH) indicates a fluctuating pattern over the past four years. The company's DOH decreased from 295.12 days in 2020 to 267.20 days in 2022, representing a positive trend of more efficient inventory management. However, there was an increase in DOH to 310.39 days in 2021, which suggests potential inventory management challenges during that period. In 2023, DOH slightly decreased to 265.09 days, indicating a slight improvement in inventory turnover efficiency. Overall, Inari Medical Inc may benefit from continuous monitoring and optimization of its inventory management practices to maintain a healthy balance between inventory levels and sales efficiency.