Kellanova (K)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		7.04	7.11	6.60	5.67	7.04
DOH	days	51.83	51.33	55.27	64.35	51.83

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.04
= 51.83

To analyze Kellanova's Days of Inventory on Hand (DOH) over the past five years, we observe the following trends:

1. In 2020, the DOH was 51.83 days, suggesting that on average, it took the company approximately 51.83 days to sell its inventory.

2. The DOH increased to 64.35 days by the end of 2021, indicating that the company took longer to sell its inventory in 2021 compared to the previous year.

3. By the end of 2022, the DOH decreased to 55.27 days, showing an improvement in inventory management efficiency compared to the prior year.

4. In 2023, the DOH decreased further to 51.33 days, indicating that the company was more efficient in managing its inventory turnover.

5. Lastly, by the end of 2024, the DOH reverted to 51.83 days, the same level as in 2020, implying a stabilization in inventory turnover efficiency.

Overall, Kellanova's DOH fluctuated over the five-year period, with improvements in inventory management efficiency seen in some years and slight regressions in others. Further analysis of the company's operations and industry factors could provide deeper insights into the reasons behind these fluctuations in inventory turnover.