Teleflex Incorporated (TFX)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		2.24	2.12	2.18	2.64	2.36
DOH	days	162.90	172.17	167.59	138.37	154.52

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.24
= 162.90

The Days of Inventory on Hand (DOH) for Teleflex Incorporated has shown some fluctuations over the years. In 2020, the company held inventory for an average of 154.52 days, which decreased to 138.37 days by the end of 2021, indicating an improvement in inventory management efficiency.

However, the trend reversed in the following years with an increase in DOH. By the end of 2022, the DOH had increased to 167.59 days, and further to 172.17 days by the end of 2023. This rise suggests that Teleflex may have faced challenges in managing its inventory effectively, possibly indicating issues such as overstocking or slow-moving inventory.

In 2024, there was a slight decrease in the DOH to 162.90 days compared to the previous year. However, the overall trend indicates that the company may need to focus on optimizing its inventory levels to enhance efficiency and reduce carrying costs.

It is essential for Teleflex to closely monitor its inventory management practices to ensure that the right balance is maintained between stocking enough inventory to meet customer demand and avoiding excess inventory that can tie up capital and lead to obsolescence.