Neurocrine Biosciences Inc (NBIX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 18.20 | 24.30 | 22.12 | 19.12 | 15.48 | |
| DOH | days | 20.05 | 15.02 | 16.50 | 19.09 | 23.59 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 18.20
= 20.05
Neurocrine Biosciences Inc's days of inventory on hand (DOH) have shown a decreasing trend over the years, indicating improved inventory management efficiency. The company had 23.59 days of inventory on hand as of December 31, 2020, which decreased to 19.09 days by December 31, 2021. Subsequently, the DOH further declined to 16.50 days by December 31, 2022, and to 15.02 days by December 31, 2023. However, there was a slight increase to 20.05 days by December 31, 2024.
Overall, the decreasing trend in DOH reflects Neurocrine Biosciences Inc's ability to manage its inventory levels more effectively, potentially leading to lower carrying costs, minimized risk of inventory obsolescence, and improved cash flow management. The slight increase in 2024 might warrant closer monitoring to ensure it does not signify potential inventory management challenges resurfacing.
Peer comparison
Dec 31, 2024