STAAR Surgical Company (STAA)
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 0.99 | 1.10 | 1.32 | 1.13 | 1.26 | 1.52 | — | — | 1.50 | — | — | — | 1.25 | — | — | — | — | — | — | — | |
| DOH | days | 367.60 | 331.14 | 276.04 | 322.03 | 289.10 | 239.45 | — | — | 243.27 | — | — | — | 293.16 | — | — | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.99
= 367.60
STAAR Surgical Company's days of inventory on hand (DOH) has shown fluctuations over the past few quarters. In the most recent quarter, as of December 31, 2023, the company had a DOH of 367.60 days, indicating a relatively high level of inventory on hand compared to its sales rate. This may suggest that the company could be facing challenges in managing its inventory efficiently.
Looking at the trend, the DOH has been trending upwards since the prior year, with fluctuations in between. This rise in DOH could potentially tie up working capital in inventory and lead to increased carrying costs.
It is important for STAAR Surgical Company to closely monitor its inventory levels and implement strategies to optimize inventory turnover and reduce the number of days inventory is held. This could involve better demand forecasting, improving supply chain efficiency, and potentially revisiting the company's inventory management practices to ensure optimal use of resources and improve overall financial performance.
Peer comparison
Dec 31, 2023