Fresh Del Monte Produce Inc (FDP)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.62 | 6.78 | 6.89 | 6.32 | 6.13 | 6.63 | 7.23 | 6.47 | 6.55 | 7.31 | 7.87 | 7.57 | 7.78 | 7.94 | 8.15 | 7.45 | 7.58 | 7.82 | 7.95 | 7.42 | |
| DOH | days | 55.15 | 53.82 | 52.97 | 57.78 | 59.53 | 55.04 | 50.47 | 56.45 | 55.73 | 49.96 | 46.37 | 48.23 | 46.90 | 45.98 | 44.79 | 48.96 | 48.15 | 46.69 | 45.89 | 49.18 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.62
= 55.15
Fresh Del Monte Produce Inc's days of inventory on hand (DOH) has exhibited some fluctuations over the past few years. Generally, the company has maintained its DOH within a range of 45 to 60 days.
There was a slight increase in inventory holding period during the first quarter of each year (typically higher than DOH in the second and third quarters), possibly due to seasonal factors impacting the company's inventory management. The highest DOH was recorded at 59.53 days on December 31, 2022, while the lowest was 44.79 days on June 30, 2020.
The downward trend in DOH from December 2022 to March 2023 suggests that Fresh Del Monte Produce Inc may have improved its inventory management efficiency during this period. However, the increase in DOH from March 2023 to June 2023 shows some challenges in managing inventory levels effectively.
Overall, monitoring Fresh Del Monte Produce Inc's DOH can provide insights into the company's inventory management strategies and operational efficiency, which are crucial aspects of its financial performance and supply chain operations.
Peer comparison
Dec 31, 2023