Carnival Corporation (CCL)

Days of inventory on hand (DOH)

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Inventory turnover		30.84	27.12	27.47	13.91	24.42
DOH	days	11.83	13.46	13.29	26.24	14.94

November 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 30.84
= 11.83

The days of inventory on hand (DOH) for Carnival Corporation have shown fluctuations over the years as per the provided data. In November 2020, the DOH was 14.94 days, increasing to 26.24 days by November 2021, indicating a significant increase in the time taken to sell inventory. However, there was a notable decrease in DOH in November 2022 to 13.29 days, suggesting a more efficient inventory management process.

Further improvements were seen in November 2023 and November 2024, with DOH figures of 13.46 days and 11.83 days, respectively. These lower DOH values indicate that Carnival Corporation has been able to reduce the time it takes to convert inventory into sales.

Overall, the trend in DOH for Carnival Corporation reflects varying levels of efficiency in managing inventory levels across the years, with improvements seen in recent years. Continued monitoring and optimization of inventory management practices will be essential for the company to maintain or further enhance its operational efficiency and profitability.