NeoGenomics Inc (NEO)
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 | 14.11 | 15.15 | 15.82 | 17.66 | 14.37 | 14.18 | 13.28 | 13.31 | 13.26 | 13.46 | 14.39 | 12.68 | 12.71 | 13.07 | 13.22 | 12.76 | 8.76 | 11.96 | 10.61 | 11.00 | |
| DOH | days | 25.87 | 24.09 | 23.07 | 20.67 | 25.41 | 25.75 | 27.49 | 27.41 | 27.53 | 27.11 | 25.36 | 28.79 | 28.73 | 27.93 | 27.62 | 28.60 | 41.68 | 30.51 | 34.41 | 33.17 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.11
= 25.87
The days of inventory on hand (DOH) for NeoGenomics Inc has shown some fluctuations over the recent quarters. From March 31, 2020, to December 31, 2020, the DOH increased from 33.17 days to 41.68 days, indicating a longer period of time it took to convert inventory into sales. However, from March 31, 2021, to June 30, 2022, the DOH steadily decreased from 28.60 days to 25.36 days, suggesting improved inventory management efficiency.
Subsequently, there was a slight increase in DOH from June 30, 2022, to December 31, 2024, ranging between 25.36 days and 25.87 days. This could suggest a stabilization of inventory management practices during this period. Overall, NeoGenomics Inc appears to have made efforts to optimize inventory levels to support its operations effectively while aiming for a balance between maintaining adequate stock levels and avoiding excess inventory.