STAAR Surgical Company (STAA)
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 | 1,728.35 | 1.80 | 1.76 | 1.82 | 1.99 | 2.20 | 2.64 | 2.27 | 2.53 | 3.05 | 3.22 | 2.94 | 3.00 | 3.00 | 3.12 | 2.76 | 2.49 | 2.38 | 2.31 | 2.29 | |
| DOH | days | 0.21 | 203.01 | 207.40 | 200.83 | 183.80 | 165.57 | 138.02 | 161.01 | 144.55 | 119.73 | 113.39 | 124.34 | 121.64 | 121.75 | 116.89 | 132.41 | 146.58 | 153.14 | 157.81 | 159.27 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1,728.35
= 0.21
The days of inventory on hand (DOH) for STAAR Surgical Company have fluctuated over the past years. The company held inventory for an average of around 150 days in 2020, which decreased to around 110 days by mid-2022, indicating a more efficient inventory management during this period. However, the DOH started to increase again reaching a peak of almost 210 days by mid-2024.
Such a high number of days in inventory could suggest that STAAR Surgical Company may be experiencing issues with managing its inventory efficiently or potentially facing challenges in aligning its production with actual demand. This could lead to higher holding costs and potential obsolescence risks for the company.
It is recommended for the company to closely monitor its inventory levels, optimize production planning, and implement measures to streamline its inventory management processes in order to improve its working capital efficiency and overall financial performance.
Peer comparison
Dec 31, 2024