Viatris Inc (VTRS)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.37 | 2.59 | 2.77 | 3.09 | 1.49 | |
| DOH | days | 154.32 | 140.90 | 131.54 | 117.93 | 245.08 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.37
= 154.32
The Days of Inventory on Hand (DOH) for Viatris Inc has shown a declining trend over the past five years. Starting at 245.08 days as of December 31, 2020, the DOH decreased to 117.93 days by December 31, 2021. However, there was a slight increase in DOH to 131.54 days by December 31, 2022, followed by further increases to 140.90 days by December 31, 2023, and 154.32 days by December 31, 2024.
The decreasing trend in DOH from 2020 to 2021 indicates a more efficient management of inventory during that period. However, the subsequent increases from 2022 to 2024 suggest a potential accumulation of inventory or slower inventory turnover rate.
It is essential for Viatris Inc to analyze the factors contributing to the fluctuations in DOH to optimize inventory management, maintain liquidity, and ensure efficient utilization of resources.
Peer comparison
Dec 31, 2024