Penumbra Inc (PEN)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		1.08	0.97	0.93	1.03	1.01
DOH	days	337.70	376.79	390.84	353.33	360.55

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.08
= 337.70

The days of inventory on hand (DOH) for Penumbra Inc has shown fluctuations over the past five years.

In December 31, 2020, the DOH was relatively high at 360.55 days, indicating that Penumbra Inc held its inventory for an extended period before selling it. This could suggest potential inefficiencies in inventory management or slower inventory turnover.

However, in the following years, there was a gradual decrease in DOH. By December 31, 2021, the DOH had decreased to 353.33 days, showcasing a slight improvement in inventory management efficiency. This trend continued in December 31, 2022, as the DOH further decreased to 390.84 days.

There was a slight increase in DOH in December 31, 2023, where it reached 376.79 days, potentially indicating a temporary slowdown in inventory turnover. Nonetheless, by December 31, 2024, the DOH dropped significantly to 337.70 days, suggesting improved efficiency in managing inventory levels.

Overall, Penumbra Inc has shown some progress in optimizing inventory management over the years, with minor fluctuations in DOH. Continuous monitoring and fine-tuning of inventory control processes could help further enhance operational efficiency and financial performance.