ConAgra Foods Inc (CAG)
Days of inventory on hand (DOH)
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.19 | 5.89 | 4.07 | 5.43 | 4.42 | |
| DOH | days | 87.21 | 61.93 | 89.60 | 67.26 | 82.54 |
May 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.19
= 87.21
The days of inventory on hand (DOH) for ConAgra Foods Inc over the past few years have shown some fluctuations.
As of May 31, 2022, the company had inventory on hand for approximately 82.54 days, indicating that it took around 82.54 days for the company to sell its inventory.
By May 28, 2023, the DOH decreased to 67.26 days, suggesting an improvement in inventory turnover efficiency compared to the previous year.
However, by May 31, 2023, the DOH increased significantly to 89.60 days, indicating a potential buildup of inventory levels or slower sales during that period.
The trend reversed by May 26, 2024, with the DOH decreasing to 61.93 days, reflecting a more efficient management of inventory.
Finally, as of May 31, 2024, the DOH increased to 87.21 days, indicating a longer period for the company to convert its inventory into sales compared to the previous year.
Overall, the fluctuations in ConAgra Foods Inc's DOH suggest varying levels of inventory management efficiency and sales performance over the years analyzed.
Peer comparison
May 31, 2024