Insulet Corporation (PODD)

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		1.33	1.32	1.35	1.38	1.44	1.35	1.17	1.10	1.14	1.03	1.81	2.64	3.42	5.37	6.14	6.31	5.56	5.81	5.90	6.31
DOH	days	273.55	277.16	270.93	265.10	253.32	270.65	310.86	330.56	319.20	354.33	201.33	138.22	106.65	67.96	59.40	57.84	65.69	62.82	61.88	57.81

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.33
= 273.55

Insulet Corporation's Days of Inventory on Hand (DOH) has shown a fluctuating trend over the past eight quarters. In the most recent quarter (Q4 2023), the company had an average of 273.55 days of inventory on hand, which is slightly lower than the previous quarter. This indicates that the company was able to manage its inventory levels more effectively in Q4 2023.

Comparing the DOH in Q4 2023 to the same quarter in the previous year (Q4 2022), there has been an increase from 253.32 days to 273.55 days. This suggests that Insulet Corporation may have increased its inventory levels over the year, which could tie up more of its working capital.

Looking at the trend over the past eight quarters, the company's DOH has ranged from a low of 253.32 days to a high of 330.56 days. The significant spike in Q1 2022, where the DOH reached 330.56 days, may indicate some challenges in inventory management during that period.

Overall, Insulet Corporation's DOH indicates the number of days it takes to sell its inventory, with a lower number being more favorable. The company should continue to closely monitor and optimize its inventory levels to ensure efficient working capital management and maximize profitability.