ConAgra Foods Inc (CAG)
Days of inventory on hand (DOH)
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.89 | 5.43 | 5.32 | 5.75 | 7.51 | |
| DOH | days | 61.93 | 67.26 | 68.58 | 63.44 | 48.62 |
May 26, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.89
= 61.93
The days of inventory on hand (DOH) for ConAgra Foods Inc have shown a fluctuating trend over the past five years. In the most recent fiscal year ending on May 26, 2024, the DOH decreased to 61.93 days from 67.26 days in the previous year, indicating an improvement in the company's inventory management efficiency.
Comparing the DOH figures over the five-year period, we observe that the highest DOH was recorded on May 29, 2022, at 68.58 days, while the lowest was on May 31, 2020, at 48.62 days. This variation suggests that ConAgra Foods Inc has been actively managing its inventory levels to ensure optimal balance between holding costs and stock-out risks.
Analyzing the trend, the reduction in DOH from 2023 to 2024 may imply enhanced inventory turnover and potentially better sales performance. However, further investigation into the reasons behind this decrease and its impact on the company's operations would be beneficial to gain a holistic understanding of ConAgra Foods Inc's inventory management strategies.
Peer comparison
May 26, 2024