Insulet Corporation (PODD)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		1.04	0.97	1.33	1.28	1.33	1.32	1.35	1.38	1.44	1.35	1.17	1.10	1.14	1.30	1.68	1.97	2.09	2.50	2.89	2.89
DOH	days	350.50	377.47	273.96	285.04	273.55	277.16	270.93	265.10	253.32	270.65	310.86	330.56	319.20	280.35	217.13	184.89	174.85	145.93	126.49	126.49

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.04
= 350.50

Insulet Corporation's Days of Inventory on Hand (DOH) has shown fluctuations over the periods provided. From March 31, 2020, to September 30, 2021, the DOH consistently increased from 126.49 days to a peak of 280.35 days. This upward trend indicates that Insulet had higher levels of inventory relative to its sales during this period.

However, from December 31, 2021, to March 31, 2024, the DOH fluctuated, reaching a peak of 377.47 days on September 30, 2024, before declining to 350.50 days on December 31, 2024. This suggests potential inventory management challenges or inefficiencies within the company during these periods.

Overall, a high DOH can indicate excess inventory or slow-moving goods, tying up capital and potentially leading to increased storage costs or obsolescence. On the other hand, a low DOH could suggest insufficient inventory levels, potentially resulting in stockouts or missed sales opportunities. Monitoring and managing the DOH effectively is crucial for optimizing working capital and operational efficiency in Insulet Corporation.