Pacira Pharmaceuticals Inc (PCRX)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		1.77	2.07	1.42	1.81	1.83
DOH	days	206.25	175.94	256.47	201.12	199.40

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.77
= 206.25

To analyze Pacira BioSciences Inc's days of inventory on hand (DOH) over the past five years:
- The company's DOH has shown fluctuations, ranging from a low of 175.94 days in 2022 to a high of 256.47 days in 2021.
- The spike in DOH in 2021 indicates that Pacira BioSciences held inventory for an average of 256.47 days before it was sold or used, which may suggest inefficiencies in managing inventory levels.
- The decrease in DOH in 2022 to 175.94 days could indicate improvements in inventory management efficiency during that year.
- However, the increase in DOH to 206.25 days in 2023 raises concerns about the company's ability to efficiently manage its inventory levels and turnover.
- It would be advisable for Pacira BioSciences to closely monitor and possibly optimize its inventory management processes to reduce DOH and improve working capital efficiency.