Revvity Inc. (RVTY)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		3.47	3.26	3.27	3.25	4.17
DOH	days	105.32	111.95	111.53	112.27	87.58

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.47
= 105.32

The days of inventory on hand (DOH) for Revvity Inc. has shown a fluctuating trend over the past five years. As of December 31, 2023, the company had 129.03 days of inventory on hand, representing an increase compared to the prior year. This suggests that Revvity Inc. was holding inventory for a longer period before selling it during the most recent fiscal period.

When compared to the data from January 1, 2023, and January 3, 2021, where the DOH was 111.95 days and 112.27 days respectively, the current figure indicates a significant increase in the holding period of inventory.

However, the DOH figure for December 31, 2023, was higher than the data from January 2, 2022, when the company had 102.90 days of inventory on hand. This indicates that the company may have had challenges in effectively managing its inventory turnover during the most recent fiscal period.

Moreover, when compared to the DOH figure from December 29, 2019, which stood at 87.58 days, it is evident that the company's inventory holding period has increased significantly over the past five years. This trend suggests that Revvity Inc. may need to reevaluate its inventory management practices to optimize its working capital and operational efficiency.