ConAgra Foods Inc (CAG)
Days of inventory on hand (DOH)
| May 26, 2024 | Feb 25, 2024 | Nov 26, 2023 | Aug 27, 2023 | May 28, 2023 | Feb 26, 2023 | Nov 27, 2022 | Aug 28, 2022 | May 29, 2022 | Feb 27, 2022 | Nov 28, 2021 | Aug 29, 2021 | May 30, 2021 | Feb 28, 2021 | Nov 29, 2020 | Aug 30, 2020 | May 31, 2020 | Feb 23, 2020 | Nov 24, 2019 | Aug 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.88 | 5.17 | 4.87 | 4.64 | 5.42 | 4.94 | 4.83 | 5.03 | 5.20 | 5.78 | 5.37 | 5.01 | 5.66 | 6.47 | 6.21 | 6.33 | 7.35 | 5.68 | 5.34 | 5.27 | |
| DOH | days | 62.11 | 70.67 | 74.90 | 78.73 | 67.28 | 73.96 | 75.60 | 72.58 | 70.13 | 63.20 | 68.03 | 72.88 | 64.52 | 56.46 | 58.79 | 57.62 | 49.65 | 64.26 | 68.33 | 69.22 |
May 26, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.88
= 62.11
The days of inventory on hand (DOH) for ConAgra Foods Inc fluctuated over the past 20 quarters, ranging from a low of 49.65 days to a high of 78.73 days. The average DOH over this period was approximately 66.65 days. A higher DOH indicates a longer period of time that inventory sits in storage before being sold, which may tie up company funds and increase carrying costs. Conversely, a lower DOH may suggest efficient inventory management and quicker turnover of goods.
Analyzing the trend in DOH, we observe that there are fluctuations in the ratio over time, with peaks and troughs occurring intermittently. It is essential to investigate the reasons behind these fluctuations, such as changes in production, sales patterns, or supply chain disruptions. Monitoring the DOH can help management make informed decisions regarding production levels, inventory management strategies, and overall operational efficiency. Additionally, comparing ConAgra Foods Inc's DOH to industry benchmarks or competitors' ratios can provide valuable insights into the company's performance and competitiveness in the market.
Peer comparison
May 26, 2024