Vericel Corp Ord (VCEL)

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		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	5.51	5.22	7.19	8.16
DOH	days	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	66.22	69.93	50.76	44.76

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.73
= 77.12

Vericel Corp's days of inventory on hand (DOH) has shown a decreasing trend over the past few quarters, indicating an improvement in managing and turning over its inventory.

In Q4 2023, the company had 77.12 days of inventory on hand, slightly lower than the previous quarter at 76.91 days. This suggests that Vericel Corp was able to sell its inventory at a slightly faster rate.

Compared to the same quarter in the previous year, where the DOH was 106.91 days, the current figure reflects a significant improvement in inventory management efficiency.

Overall, the decreasing trend in DOH reflects positively on Vericel Corp's ability to effectively control and utilize its inventory, potentially leading to better cash flow and profitability.