B&G Foods Inc (BGS)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.13 | 3.24 | 2.85 | 3.05 | 3.43 | |
| DOH | days | 88.41 | 112.55 | 127.97 | 119.65 | 106.34 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.13
= 88.41
The days of inventory on hand (DOH) for B&G Foods Inc have fluctuated over the years. Starting at 106.34 days on December 31, 2020, the DOH increased to 119.65 days by December 31, 2021, and further rose to 127.97 days by December 31, 2022. Subsequently, there was a decrease in DOH to 112.55 days by December 31, 2023, followed by a significant drop to 88.41 days by December 31, 2024.
The increase in DOH from 2020 to 2022 may indicate a potential buildup of inventory, which could tie up capital and impact liquidity. However, the subsequent decrease in DOH from 2022 to 2024 suggests that B&G Foods Inc may have improved its inventory management efficiency by reducing excess inventory levels.
Overall, fluctuations in DOH can be influenced by various factors such as demand variability, supply chain disruptions, and strategic decisions related to inventory management. It is important for B&G Foods Inc to closely monitor and manage its inventory levels to optimize working capital and operational performance.
Peer comparison
Dec 31, 2024