Quidel Corporation (QDEL)
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 | 3.00 | 2.85 | 2.73 | 2.74 | 2.71 | 2.83 | 2.88 | 2.78 | 2.54 | 1.98 | 1.49 | 3.40 | 2.15 | 1.97 | 1.57 | 1.87 | 2.75 | 2.76 | 2.38 | 3.69 | |
DOH | days | 121.66 | 128.25 | 133.72 | 133.09 | 134.78 | 129.12 | 126.86 | 131.50 | 143.62 | 184.28 | 245.40 | 107.38 | 169.64 | 185.38 | 231.88 | 195.25 | 132.78 | 132.43 | 153.22 | 98.88 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.00
= 121.66
The days of inventory on hand (DOH) for Quidel Corporation have displayed fluctuations over the reporting periods from March 31, 2020 to December 31, 2024. Initially starting at 98.88 days as of March 31, 2020, the DOH increased significantly to 231.88 days by June 30, 2021. This sharp rise in DOH may indicate potential inefficiencies in inventory management or challenges in controlling the flow of goods within the company.
Subsequently, there were fluctuations observed in the DOH figure, with variations in the range of 100 to 200 days over the next few quarters. These fluctuations suggest that Quidel Corporation may have been adjusting its inventory levels and strategies to optimize its inventory management practices.
As of December 31, 2024, the DOH had decreased to 121.66 days, indicating a potential improvement in managing inventory levels and turnover. This downward trend in DOH may suggest that the company has implemented better inventory control measures to streamline operations and enhance efficiency in managing its inventory.
Overall, the analysis of Quidel Corporation's DOH demonstrates the company's efforts to address inventory management challenges and optimize its inventory turnover, with a notable improvement in the latter reporting periods. It is essential for the company to continue monitoring its inventory levels closely to ensure efficient use of resources and maintain a healthy balance between inventory levels and sales demand.
Peer comparison
Dec 31, 2024