Teleflex Incorporated (TFX)

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		2.24	2.08	2.08	2.12	2.12	2.11	2.07	2.09	2.18	2.39	2.48	2.58	2.64	2.57	2.51	2.35	2.36	2.22	2.22	2.32
DOH	days	163.07	175.59	175.30	172.35	172.17	172.71	176.59	174.32	167.34	152.58	147.18	141.68	138.37	141.95	145.27	155.22	154.52	164.51	164.67	157.64

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.24
= 163.07

The days of inventory on hand (DOH) for Teleflex Incorporated have fluctuated over the past several quarters. The trend shows a general decrease in DOH from March 31, 2021, to December 31, 2021, reaching its lowest point at 138.37 days. However, from March 31, 2022, to December 31, 2024, there has been a steady increase in DOH, reaching 175.59 days on September 30, 2024.

A high DOH may indicate that Teleflex is holding excess inventory, which could tie up working capital and lead to increased storage costs. On the other hand, a low DOH might suggest efficient inventory management but could also signal potential stockouts and lost sales if demand suddenly increases.

Overall, Teleflex should closely monitor its inventory levels to strike a balance between ensuring product availability and minimizing carrying costs. Analyzing the DOH trend in conjunction with other financial indicators can provide valuable insights into the company's operational efficiency and working capital management.