Cal-Maine Foods Inc (CALM)
Days of inventory on hand (DOH)
| Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.70 | 7.69 | 7.39 | 7.68 | 7.68 | 5.60 | 5.26 | 5.00 | 4.58 | 5.02 | 4.56 | 4.29 | 4.01 | 5.82 | 5.98 | 6.27 | 6.26 | 5.79 | 5.83 | 6.12 | |
| DOH | days | 47.39 | 47.47 | 49.39 | 47.54 | 47.53 | 65.16 | 69.43 | 73.04 | 79.74 | 72.71 | 79.96 | 85.03 | 90.94 | 62.75 | 60.99 | 58.25 | 58.30 | 63.06 | 62.58 | 59.59 |
June 1, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.70
= 47.39
The Days of Inventory on Hand (DOH) for Cal-Maine Foods Inc has shown fluctuations over the past few years. On average, the company has maintained a DOH ranging from around 47 to 79 days.
In recent quarters, the DOH has been relatively stable, with values around 47-49 days, indicating efficient inventory management. However, there have been periods when the DOH spiked significantly, such as in August 2021 and August 2022, where it reached 85.03 days and 79.74 days respectively.
Overall, it appears that Cal-Maine Foods Inc has made efforts to optimize its inventory levels to ensure a balance between meeting customer demand and controlling carrying costs. Monitoring and managing inventory levels effectively will be crucial for the company to remain competitive in the dynamic food industry.