Penumbra Inc (PEN)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		0.97	0.96	0.96	0.95	0.93	0.96	1.01	1.06	1.03	1.03	1.00	0.94	1.01	1.03	0.98	1.08	1.15	1.21	1.23	1.32
DOH	days	376.79	378.41	378.36	385.47	390.84	379.95	360.53	344.33	353.33	354.15	363.29	387.99	360.55	355.28	371.69	336.49	318.30	300.67	296.00	276.24

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.97
= 376.79

Penumbra Inc's days of inventory on hand (DOH) has shown some fluctuation in recent quarters. In Q4 2023, it stood at 376.79 days, slightly lower than the previous quarter's 378.41 days. This may indicate a slight improvement in inventory management efficiency during this period. However, comparing Q4 2023 with the same period in the previous year (Q4 2022), there has been a decline from 390.84 days to 376.79 days, reflecting a more significant improvement in managing inventory levels.

Overall, Penumbra Inc's DOH has generally been fluctuating within a certain range over the past few quarters, with some quarters showing better inventory management performance than others. The company may benefit from monitoring and analyzing its inventory turnover rate to further optimize its inventory levels and enhance operational efficiency.