Vericel Corp Ord (VCEL)

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		3.75	4.11	4.26	4.67	4.73	4.75	4.20	3.67	3.41	3.21	3.31	3.56	3.75	3.69	3.52	4.03	4.27	3.86	4.57	5.34
DOH	days	97.38	88.85	85.64	78.09	77.12	76.91	87.01	99.38	106.91	113.73	110.15	102.55	97.37	98.93	103.82	90.54	85.48	94.45	79.82	68.41

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.75
= 97.38

Vericel Corp Ord's days of inventory on hand (DOH) has shown fluctuations over the periods provided in the data.

The DOH was relatively stable around the 70-80 days range from March 2020 to December 2021, with occasional peaks and dips. However, starting from March 2022, there was a noticeable increase in the DOH reaching a peak of 113.73 days by September 2022.

Subsequently, there was a decline in the DOH, but it remained above the previous levels seen before March 2022. By December 2024, the DOH stood at 97.38 days, indicating that the company held inventory for about 97.38 days before selling it.

Overall, the trend in Vericel Corp Ord's DOH suggests a period of inventory management challenges from March 2022 to September 2022, followed by some improvements in inventory turnover efficiency in the later periods. Monitoring the DOH can provide insights into the company's inventory management effectiveness and operational efficiency.