Teleflex Incorporated (TFX)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		3.49	3.39	3.32	3.37	3.96	4.30	4.46	4.67	4.81	4.76	4.59	4.29	4.17	3.96	4.12	4.37	4.62	4.60	4.70	4.94
DOH	days	104.63	107.69	109.86	108.26	92.08	84.80	81.84	78.12	75.92	76.74	79.47	85.02	87.46	92.25	88.68	83.49	78.93	79.43	77.63	73.86

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.49
= 104.63

To analyze Teleflex Incorporated's days of inventory on hand (DOH), we can see that the DOH has been trending upwards over the quarters. In the most recent quarter, Q4 2023, the company had 172.17 days of inventory on hand, which is slightly lower than the previous quarter but still relatively high compared to earlier quarters.

This increase in DOH could indicate that Teleflex is holding onto its inventory for a longer period before selling it, which may imply potential inefficiencies in inventory management. A high DOH could also suggest overstocking or slow-moving inventory, leading to higher carrying costs and potential obsolescence risks.

It is important for Teleflex to monitor and optimize its inventory levels to strike a balance between meeting customer demand and controlling costs effectively. Further examination of the factors influencing inventory levels, such as demand fluctuations, production delays, or supply chain disruptions, may provide insights into improving inventory turnover and overall operational efficiency.