Fresh Del Monte Produce Inc (FDP)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.59 | 6.67 | 7.31 | 6.89 | 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 | |
| DOH | days | 55.40 | 54.76 | 49.95 | 52.95 | 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 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.59
= 55.40
Fresh Del Monte Produce Inc's days of inventory on hand (DOH) has shown some fluctuations over the past few years. The company's DOH ranged from around 44.79 days to 59.53 days between June 2020 and December 2022. From March 2020 to March 2024, the DOH generally trended upwards, indicating that the company may be taking longer to sell its inventory.
The highest point in the DOH was observed in December 2022 at 59.53 days, suggesting that Fresh Del Monte Produce Inc had more inventory on hand compared to its sales during that period. The lowest point in the DOH during this period was in June 2020 at 44.79 days, indicating a more efficient inventory turnover rate.
Overall, monitoring the DOH can provide insights into the company's inventory management efficiency and its ability to maintain an optimal level of inventory. However, a persistently high DOH could indicate potential issues such as overstocking or declining demand for the company's products.
Peer comparison
Dec 31, 2024