Mondelez International Inc (MDLZ)

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		6.16	5.78	5.66	5.82	5.97	5.71	6.12	6.33	6.45	5.84	5.67	6.13	6.10	5.59	5.84	6.49	6.10	5.69	5.73	5.96
DOH	days	59.30	63.10	64.51	62.67	61.14	63.87	59.63	57.63	56.59	62.49	64.38	59.55	59.88	65.35	62.49	56.24	59.83	64.15	63.75	61.24

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.16
= 59.30

Mondelez International Inc.'s days of inventory on hand (DOH) have shown some fluctuation over the past eight quarters. In Q4 2023, the DOH was at 59.30 days, a decrease from the previous quarter. This indicates that the company held inventory for approximately 59.30 days before selling it. In the previous quarters, the DOH ranged from 57.63 days to 63.87 days, with Q2 2023 having the highest DOH at 64.51 days.

The decreasing trend in DOH from Q2 2023 to Q4 2023 suggests that Mondelez International Inc. has been more efficient in managing its inventory levels and turning over inventory faster. A lower DOH is generally preferred as it signifies that the company is selling its products more quickly and not tying up excess capital in inventory. However, it is important to monitor this metric consistently to ensure that the decrease in DOH is not due to a decrease in sales or production issues.

Overall, the decreasing trend in DOH for Mondelez International Inc. indicates positive inventory management practices, but it is essential for the company to maintain a balance between inventory levels and customer demand to support sustainable growth and profitability.