Bio-Techne Corp (TECH)

The analysis of Bio-Techne Corp's days of inventory on hand (DOH) over the period from June 30, 2021, to June 30, 2025, reveals notable fluctuations and trends. As of June 30, 2021, the company maintained a DOH of approximately 142.91 days. This metric increased modestly in the subsequent year, reaching approximately 147.55 days by June 30, 2022, indicating a slight extension in the time inventory remained on hand before being sold or used.

The upward trend continued into 2023, with DOH rising more substantially to approximately 170.76 days. This represents an approximate 15.21-day increase from the prior year, suggesting a notable slowdown in inventory turnover. The increase may reflect strategic inventory accumulation, supply chain adjustments, or changes in product demand or forecasting that led to higher inventory levels.

In the following year, 2024, there was a marginal decrease in DOH to approximately 168.50 days, indicating a slight improvement in inventory turnover but still remaining significantly above the 2021 levels. By June 30, 2025, the DOH further decreased to approximately 161.05 days, which, while lower than the previous year, still indicates a period of over five months where inventory remains on hand.

Overall, the trend from 2021 through 2025 shows an initial increase in inventory holding periods, reaching a peak around mid-2023, followed by a gradual reduction. The overall movement suggests that Bio-Techne has experienced periods of inventory buildup, potentially due to strategic stockpiling, supply chain disruptions, or shifts in demand. The subsequent reduction indicates efforts to improve inventory efficiency and turnover, although the DOH remains elevated relative to the beginning of the period. This pattern warrants ongoing monitoring for insights into supply chain management and inventory optimization strategies.

Peer comparison

Jun 30, 2025