Quidel Corporation (QDEL)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 2.80 2.96 2.54 2.15 2.75
DOH days 130.18 123.32 143.83 169.64 132.78

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.80
= 130.18

The days of inventory on hand (DOH) for Quidel Corporation has fluctuated over the past five years. In December 2020, Quidel had an inventory on hand for approximately 132.78 days, which increased to 169.64 days by December 2021. However, by the end of 2022, the DOH decreased to 143.83 days and further improved to 123.32 days by December 2023. In the most recent year, December 2024, the DOH slightly increased to 130.18 days.

Overall, the trend in Quidel's DOH indicates some volatility but generally suggests that the company has been managing its inventory levels more efficiently in recent years, as indicated by the decreasing trend from 2021 to 2023. However, the slight increase in DOH in 2024 may warrant further analysis to ensure optimal inventory management practices are in place.