General Mills Inc (GIS)

Days of inventory on hand (DOH)

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Inventory turnover		8.21	8.67	7.41	7.25	7.47	7.71	7.32	7.33	8.01	8.64	8.10	7.31	7.66	8.12	8.25	8.68	9.65	8.57	7.68	7.93
DOH	days	44.46	42.12	49.23	50.37	48.83	47.37	49.85	49.76	45.58	42.26	45.04	49.96	47.63	44.95	44.27	42.06	37.83	42.61	47.55	46.02

May 26, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.21
= 44.46

The days of inventory on hand (DOH) for General Mills Inc has shown some fluctuations over the past quarters. Generally, the company has managed to keep its inventory turnover rate within a reasonable range, indicating effective inventory management.

In the most recent quarter, the DOH was 44.46 days, which suggests that the company held its average inventory for about 44 days before selling it. This figure is slightly higher compared to the previous quarter's 42.12 days. It is worth noting that a higher DOH value could indicate that General Mills Inc may be facing challenges in efficiently selling its inventory, potentially leading to increased storage costs and a risk of obsolete inventory.

Looking at the historical trend, General Mills Inc has experienced variations in its DOH metric over time. The company saw the highest DOH of 50.37 days in the quarter ending August 27, 2023, and the lowest DOH of 37.83 days in the quarter ending August 30, 2020. These fluctuations could be influenced by seasonal factors, market demand, and changes in the company's inventory management strategies.

Overall, General Mills Inc should continue monitoring its DOH closely to ensure optimal inventory turnover and minimize carrying costs. A stable and efficient inventory management system is crucial for maintaining profitability and competitiveness in the industry.