Kellanova (K)

Days of inventory on hand (DOH)

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Inventory turnover 7.11 5.50 5.35 5.73 8.31 7.15 7.69 8.02 8.91 8.43 7.82 7.50 7.04 7.05 7.35 7.61 7.50 7.74 7.46 6.89
DOH days 51.33 66.36 68.17 63.65 43.94 51.05 47.49 45.53 40.97 43.30 46.69 48.69 51.83 51.80 49.65 47.95 48.66 47.15 48.90 52.98

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 few quarters have shown some fluctuations. The average DOH for the latest quarter (Dec 31, 2023) was 51.33 days, which indicates that, on average, the company holds inventory for approximately 51 days before it is sold.

Comparing this to historical data, we observe a gradual increase in DOH from the prior quarter (Sep 30, 2023) to the current quarter, suggesting that Kellanova may be holding inventory for a slightly longer period. However, the DOH is still lower than some previous quarters, such as Jun 30, 2023 and Mar 31, 2023, indicating that the company has improved its inventory management efficiency since then.

It is essential for Kellanova to strike a balance between having enough inventory to meet customer demand and minimizing holding costs associated with excess inventory. Monitoring the DOH over time can help the company assess its inventory management practices and make adjustments as needed to optimize cash flow and profitability.


Peer comparison

Dec 31, 2023


See also:

Kellanova Average Inventory Processing Period (Quarterly Data)