Tandem Diabetes Care Inc (TNDM)

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 3.81 3.60 2.51 2.54 2.41 2.66 2.61 2.96 3.49 3.62 4.11 4.30 4.76 4.68 4.25 3.87 3.74 2.96 3.13 3.03
DOH days 95.81 101.49 145.52 143.82 151.69 137.28 139.66 123.16 104.47 100.77 88.76 84.96 76.61 77.94 85.96 94.38 97.60 123.42 116.78 120.53

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.81
= 95.81

The days of inventory on hand (DOH) for Tandem Diabetes Care Inc has exhibited fluctuations over the provided period from March 31, 2020, to December 31, 2024.

The trend in DOH shows a slight decrease in the inventory holding period from 120.53 days on March 31, 2020, to 76.61 days on December 31, 2021. This could be indicative of potential improvements in inventory management efficiency during this period.

However, a reversal in this trend is observed from March 31, 2022, onwards as the DOH begins to increase steadily. The DOH saw a significant rise to 151.69 days by December 31, 2023, indicating a prolonged inventory holding period.

Subsequently, there was a slight reduction in DOH to 95.81 days by December 31, 2024. This reduction could be attributed to potential adjustments made by the company to manage inventory levels more effectively or respond to changes in demand.

Overall, the fluctuations in DOH suggest varying levels of efficiency in managing inventory throughout the period, highlighting the importance of closely monitoring inventory levels to ensure optimal operational performance and cost control for Tandem Diabetes Care Inc.