B&G Foods Inc (BGS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.24 | 2.85 | 3.05 | 3.43 | 3.09 | |
| DOH | days | 112.55 | 127.97 | 119.65 | 106.34 | 118.13 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.24
= 112.55
The days of inventory on hand (DOH) for B&G Foods Inc has shown fluctuations over the past five years. In 2023, the company had 112.55 days of inventory on hand, a decrease from the previous year. This indicates that B&G Foods held inventory for a shorter period in 2023 compared to 2022.
While the DOH decreased in 2023, it was higher than the levels seen in 2020 and 2019, suggesting that B&G Foods may have improved its inventory management efficiency over time. The company appears to be managing its inventory more effectively in recent years, as indicated by the downward trend in the DOH metric.
Overall, the decreasing trend in B&G Foods Inc's days of inventory on hand reflects positive inventory management practices, leading to potentially lower carrying costs and improved cash flow management.
Peer comparison
Dec 31, 2023