Revvity Inc. (RVTY)

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	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jul 5, 2020	Apr 5, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		2.67	4.37	3.59	2.90	3.26	3.70	2.30	2.21	3.27	2.38	3.19	3.14	3.25	3.19	3.10	3.79	4.17	3.73	3.47	3.79
DOH	days	136.68	83.51	101.57	125.69	111.95	98.53	158.80	165.15	111.53	153.25	114.59	116.30	112.27	114.38	117.76	96.24	87.58	97.93	105.19	96.35

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.67
= 136.68

Revvity Inc.'s days of inventory on hand (DOH) has shown volatility over the past eight quarters. The company's DOH increased significantly in Q3 and Q2 of 2023, reaching 205.98 days and 204.78 days, respectively, indicating a high level of inventory relative to sales. This could suggest potential issues such as slow-moving inventory or overproduction during these periods.

In contrast, Q4 of 2022 also saw a notable increase in DOH to 111.95 days, which may indicate inventory management challenges during that quarter. However, there was a subsequent decrease in Q1 of 2023 to 151.40 days, suggesting some improvement in inventory management efficiency.

The lowest DOH was observed in Q2 of 2022 at 66.90 days, indicating that the company was able to more efficiently turn its inventory into sales during that period. Overall, Revvity Inc. should closely monitor its inventory levels and implement strategies to optimize inventory turnover to improve its financial performance and efficiency.