Flowers Foods Inc (FLO)

Days of inventory on hand (DOH)

		Dec 31, 2023	Oct 7, 2023	Jul 15, 2023	Apr 22, 2023	Dec 31, 2022	Oct 8, 2022	Apr 23, 2022	Dec 31, 2021	Oct 9, 2021	Jul 17, 2021	Apr 24, 2021	Dec 31, 2020	Sep 30, 2020	Jul 11, 2020	Apr 18, 2020	Dec 31, 2019	Oct 5, 2019	Jul 13, 2019	Apr 20, 2019	Dec 31, 2018
Inventory turnover		25.92	25.91	20.00	19.96	13.58	10.89	18.36	19.18	23.44	24.40	17.02	17.80	17.08	17.59	19.92	15.67	11.55	8.10	3.94	3.82
DOH	days	14.08	14.09	18.25	18.29	26.87	33.53	19.88	19.03	15.57	14.96	21.45	20.50	21.36	20.75	18.32	23.30	31.61	45.05	92.61	95.46

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 25.92
= 14.08

The days of inventory on hand (DOH) ratio for Flowers Foods Inc has shown fluctuations over the past few years. In the most recent period of December 31, 2023, the company had 14.08 days of inventory on hand, a relatively efficient inventory management compared to previous periods. This indicates the company is able to quickly convert its inventory into sales, which is a positive sign for its operations.

Looking back, the DOH ratio has shown a declining trend from the high levels of 92.61 days and 95.46 days in 2018. This significant improvement indicates that Flowers Foods Inc has been more effective in managing its inventory levels and reducing excess inventory holding costs.

Although there have been fluctuations in the DOH ratio over time, the overall trend seems to be moving towards more efficient inventory management practices. It is important to continue monitoring this ratio as it provides insights into how well the company is managing its inventory levels and liquidity.