Cal-Maine Foods Inc (CALM)
Days of inventory on hand (DOH)
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 8.15 | 7.61 | 6.99 | 6.94 | 7.56 | 7.59 | 7.30 | 7.03 | 6.34 | 6.50 | 6.86 | 7.10 | 7.64 | 7.39 | 7.40 | 7.08 | 6.99 | 6.68 | 5.02 | 4.81 | |
| DOH | days | 44.76 | 47.94 | 52.22 | 52.60 | 48.25 | 48.06 | 49.99 | 51.96 | 57.58 | 56.16 | 53.23 | 51.40 | 47.77 | 49.39 | 49.31 | 51.55 | 52.23 | 54.62 | 72.76 | 75.88 |
May 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.15
= 44.76
The analysis of Cal-Maine Foods Inc.'s days of inventory on hand (DOH) over the specified period indicates notable fluctuations and trends. Initially, the DOH was approximately 75.88 days as of August 27, 2022, reflecting a higher inventory holding period. This level decreased significantly to around 52–54 days by late November 2022, demonstrating a reduction in inventory levels or faster inventory turnover during that period.
From late 2022 through the first half of 2023, the DOH continued to decline, reaching a low of approximately 47.77 days in June 2023. This suggests an improvement in inventory management efficiencies or increased sales velocity, leading to reduced inventory days. However, thereafter, there was a modest increase, with DOH rising to about 53.23 days in early September 2023 before stabilizing around 52–56 days through late 2023 and early 2024.
The period from mid-2024 onward shows some further reduction in DOH, with values declining to approximately 44.76 days as of May 2025. This indicates an ongoing trend toward leaner inventory levels, potentially reflecting optimized supply chain and inventory practices. Throughout the period analyzed, the DOH exhibited variability but generally trended downward from late 2022 through mid-2025, signifying efforts to improve inventory turnover and operational efficiency.