Carnival Corporation (CCL)

Days of inventory on hand (DOH)

		Aug 31, 2025	May 31, 2025	Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020
Inventory turnover		33.41	33.17	30.31	30.85	31.37	29.57	27.71	27.12	29.72	31.53	29.10	27.47	23.61	19.18	15.69	13.08	10.93	11.21	16.85	24.61
DOH	days	10.92	11.00	12.04	11.83	11.63	12.34	13.17	13.46	12.28	11.57	12.54	13.29	15.46	19.03	23.27	27.91	33.38	32.55	21.66	14.83

August 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 33.41
= 10.92