Teleflex Incorporated (TFX)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		4.06	4.10	4.98	4.33	4.78
DOH	days	89.82	88.92	73.28	84.32	76.33

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.06
= 89.82

The days of inventory on hand (DOH) for Teleflex Incorporated have shown some fluctuations over the past five years. In 2023, the DOH increased to 172.17 days from 167.59 days in 2022. This indicates that the company held inventory for a longer period in 2023 compared to the previous year, which may suggest potential issues such as slowing sales, overstocking, or inefficiencies in inventory management.

Comparing to 2021, where the DOH was 138.37 days, there has been a notable uptrend in 2023, further highlighting a rise in inventory holding period. In 2020 and 2019, the DOH stood at 154.52 days and 157.59 days respectively, showing a similar trend of holding inventory for a relatively longer time.

Overall, the increasing trend in days of inventory on hand for Teleflex Incorporated over the past five years may indicate the need for the company to address its inventory management practices to optimize working capital, reduce carrying costs, and enhance operational efficiency.