Quidel Corporation (QDEL)
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 | ||
|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.07 | 4.36 | 4.45 | 4.32 | ||||
| DOH | days | 89.61 | 83.75 | 82.06 | 84.50 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.07
= 89.61
To analyze Quidel Corporation's days of inventory on hand (DOH), we observe fluctuations in the DOH ratio over the past 8 quarters. The trend indicates that the company has generally maintained a consistent level of inventory on hand, with some minor fluctuations in the range of 82 to 89 days.
Quidel's DOH figure of 89.61 days as of December 31, 2023, represents a slight increase from the previous quarter's value of 83.75 days. This rise in the DOH ratio suggests that Quidel may be holding inventory for a longer period before selling it, which could tie up working capital and potentially signal slower sales.
The overall stability in Quidel's DOH ratio over the past quarters indicates that the company has been managing its inventory efficiently, neither understocking nor overstocking. However, continuous monitoring of the DOH ratio is essential to ensure optimal inventory management, balance between supply and demand, and operational efficiency.
Peer comparison
Dec 31, 2023