JM Smucker Company (SJM)
Days of inventory on hand (DOH)
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.58 | 6.99 | 6.33 | 6.57 | 7.33 | 5.90 | 5.41 | 5.46 | 6.48 | 6.67 | 6.12 | 6.02 | 6.94 | 7.49 | 6.75 | 6.72 | 7.36 | 6.86 | 6.58 | 6.65 | |
| DOH | days | 55.43 | 52.19 | 57.64 | 55.52 | 49.79 | 61.88 | 67.53 | 66.82 | 56.37 | 54.69 | 59.63 | 60.66 | 52.57 | 48.74 | 54.04 | 54.35 | 49.62 | 53.20 | 55.45 | 54.92 |
April 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.58
= 55.43
The days of inventory on hand (DOH) for JM Smucker Company has shown some fluctuation over the past few quarters. The DOH ranged from a low of 48.74 days in January 2021 to a high of 67.53 days in October 2022. Generally, a lower DOH indicates that the company is managing its inventory efficiently, while a higher DOH may suggest that the company is holding excess inventory or facing challenges in selling its products.
In the most recent quarter, ending April 30, 2024, the DOH was 55.43 days, which is slightly higher compared to the previous quarter. This may indicate that the company is holding onto its inventory for a longer period, potentially tying up its working capital.
Overall, JM Smucker Company should continue to monitor its inventory management closely to ensure optimal levels. It may be beneficial for the company to analyze the reasons behind the fluctuations in its DOH and take appropriate actions to improve inventory turnover and maintain a balanced inventory level.