Penumbra Inc (PEN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 0.97 | 0.93 | 1.03 | 1.01 | 1.15 | |
| DOH | days | 376.79 | 390.84 | 353.33 | 360.55 | 318.30 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.97
= 376.79
The days of inventory on hand (DOH) for Penumbra Inc have shown a fluctuating trend over the past five years. In 2023, the DOH improved to 376.79 days compared to 390.84 days in 2022. This indicates that the company carried its inventory for a slightly shorter period in 2023, which could be a positive sign of more efficient inventory management. However, the DOH in 2023 is higher than in 2021 when it was 353.33 days.
Looking back further, we see that in 2020 and 2019, the DOH was 360.55 days and 318.30 days, respectively. The increase in DOH from 2019 to 2020 suggests that the company may have experienced challenges in managing its inventory during that period.
Overall, Penumbra Inc's DOH has shown variation over the past five years, indicating potential changes in inventory management practices. It would be beneficial for the company to continue monitoring and optimizing its inventory levels to ensure efficiency and effectiveness in its operations.
Peer comparison
Dec 31, 2023