Kraft Heinz Co (KHC)

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		6.13	5.99	5.79	5.82	6.58	5.38	5.27	5.47	6.40	7.62	7.84	10.27	9.94	10.78	9.96	8.30	8.80	17.08	17.75	17.30
DOH	days	59.51	60.97	63.07	62.69	55.48	67.85	69.28	66.72	57.04	47.87	46.58	35.53	36.71	33.87	36.66	43.99	41.46	21.37	20.56	21.10

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.13
= 59.51

The days of inventory on hand (DOH) for Kraft Heinz Co have shown some fluctuations over the past five years. In general, the DOH has ranged from a low of 20.56 days to a high of 69.28 days.

From December 2019 to March 2020, there was a notable increase in DOH, suggesting a buildup of inventory. This trend continued until June 2020, where DOH peaked at 69.28 days, indicating a potential oversupply of inventory.

However, there was a significant decrease in DOH from June 2020 to December 2020, reaching a low of 36.71 days. This decrease may indicate improved inventory management or a reduction in excess inventory levels.

From 2021 to 2023, the DOH remained relatively stable, hovering around 46 to 63 days. This stability suggests that Kraft Heinz Co has maintained a consistent level of inventory relative to its sales volume during this period.

Overall, while there have been fluctuations in the DOH for Kraft Heinz Co, it appears that the company has managed to control its inventory levels effectively to align with its sales activity.