Kellanova (K)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		7.11	6.60	8.91	7.04	7.50
DOH	days	51.33	55.27	40.97	51.83	48.66

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.11
= 51.33

The days of inventory on hand (DOH) for Kellanova over the past five years have shown some variability. In 2023, the company had an average of 51.33 days of inventory on hand, representing a decrease from the previous year's 55.27 days. This reduction indicates that Kellanova was able to manage its inventory more efficiently in 2023 compared to 2022.

Looking further back, in 2021, the company had the lowest DOH at 40.97 days, suggesting that Kellanova was able to turn over its inventory more quickly that year. However, in 2020 and 2019, the DOH figures were 51.83 days and 48.66 days, respectively, signaling a longer period of time for the company to hold its inventory before selling it.

Overall, the trend in Kellanova's DOH over the past five years reflects some fluctuations, with the company showing improvements in managing its inventory efficiency in 2023 compared to the previous year. Further analysis would be needed to understand the factors driving these changes and to evaluate the effectiveness of Kellanova's inventory management strategies.