Kellanova Co (Kellanova Co) Days Inventory

: 189.55 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Kellanova Co's Average Total Inventories for the three months ended in Dec. 2023 was $1,438 Mil. Kellanova Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $692 Mil. Hence, Kellanova Co's Days Inventory for the three months ended in Dec. 2023 was 189.55.

The historical rank and industry rank for Kellanova Co's Days Inventory or its related term are showing as below:

K' s Days Inventory Range Over the Past 10 Years
Min: 48.46 Med: 53.01 Max: 63.77
Current: 63.77

During the past 13 years, Kellanova Co's highest Days Inventory was 63.77. The lowest was 48.46. And the median was 53.01.

K's Days Inventory is ranked better than
63.96% of 1784 companies
in the Consumer Packaged Goods industry
Industry Median: 82.495 vs K: 63.77

Kellanova Co's Days Inventory increased from Dec. 2022 (169.12) to Dec. 2023 (189.55). It might indicate that Kellanova Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kellanova Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.48.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Kellanova Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.32.

Kellanova Co Days Inventory Historical Data

The historical data trend for Kellanova Co's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kellanova Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

50.72

50.66

61.73

56.49

53.31

Kellanova Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																169.12	50.39	59.09	58.67	189.55

Competitive Comparison

For the Packaged Foods subindustry, Kellanova Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Kellanova Co Days Inventory Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kellanova Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kellanova Co's Days Inventory falls into.

Kellanova Co Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Kellanova Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1339	+	1243)	/	2 )	/	8839	*	365
=	1291					/	8839	*	365
=	53.31

Kellanova Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1632	+	1243)	/	2 )	/	692	*	365 / 4
=	1437.5					/	692	*	365 / 4
=	189.55

Kellanova Co (NYSE:K) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Kellanova Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	692	/	1437.5
	=	0.48

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Kellanova Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1437.5	/	1089
	=	1.32

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Kellanova Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Kellanova Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Kellanova Co (Kellanova Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kellanova Co (NYSE:K) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

K:Mexico 1K:Italy KEL:Germany KEL:Germany KEL:Germany KEL:Germany K1EL34:Brazil KELL:Austria

Address

412 N. Wells Street, Chicago, IL, USA, 60654

Website

https://www.kellanova.com

Following its split from the North American cereal business, Kellanova (previously the global snacking arm of Kellogg) is a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about half of Kellanova's consolidated sales base.

Executives

Kellogg W K Foundation Trust	10 percent owner	50 S. LA SALLE ST., B-10, CHICAGO IL 60603
John Min	officer: Chief Legal Officer	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Christopher M Hood	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Kris Bahner	officer: SVP-Chief Global Corp Affairs	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Nicolas Amaya	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Charisse Ford Hughes	officer: Senior Vice President	C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Gary H Pilnick	officer: Senior Vice President
Kurt D Forche	officer: VP-Corporate Controller	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Amit Banati	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Rodrigo Lance	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Alistair D Hirst	officer: SVP - Global Supply Chain	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
J Michael Schlotman	director	1014 VINE ST, CINCINNATI OH 45202
Steven A Cahillane	director, officer: CEO & President	ONE COCA-COLA PLAZA, ATLANTA GA 30313
Shumit Kapoor	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Maria Fernanda Mejia	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599