Stryker Corporation (SYK)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		1.71	1.54	1.72	1.85	1.52
DOH	days	213.67	237.59	212.22	197.00	240.90

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.71
= 213.67

Based on the data provided, Stryker Corporation's days of inventory on hand (DOH) has fluctuated over the years.

As of December 31, 2020, the company had an inventory on hand for an average of approximately 240.90 days. Over the following years, the DOH decreased to 197.00 days by December 31, 2021, indicating an improvement in inventory management efficiency.

By December 31, 2022, the DOH increased slightly to 212.22 days but remained below the initial level in 2020. However, there was a further increase in the DOH to 237.59 days by December 31, 2023, suggesting a potential buildup of inventory.

By December 31, 2024, the DOH decreased to 213.67 days, indicating a slight improvement in managing inventory levels compared to the previous year.

Overall, the trend in Stryker Corporation's DOH shows fluctuations over the years, with improvements and slight increases observed in various periods. Further analysis and comparison with industry benchmarks may provide additional insights into the company's inventory management efficiency.