Days Inventory is also known as Days Sales of Inventory (DSI). McCormick's Average Total Inventories for the
three
months ended in Feb. 2024 was $1,128 Mil. McCormick's Cost of Goods Sold for the
three
months ended in Feb. 2024 was $1,003 Mil.
Hence, McCormick's Days Inventory for the
three
months ended in Feb. 2024 was 102.59.
The historical rank and industry rank for McCormick's Days Inventory or its related term are showing as below:
MKC'
s Days Inventory Range Over the Past 10 Years
Min: 89.82 Med: 101.5 Max: 112.94
Current: 107.07
During the past 13 years, McCormick's highest Days Inventory was 112.94. The lowest was 89.82. And the median was 101.50.
MKC's Days Inventory is ranked worse than 63.91% of 1787
companies
in the Consumer Packaged Goods industry
Industry Median: 82.23
vs MKC: 107.07
McCormick's Days Inventory
declined
from Feb. 2023 (122.17) to Feb. 2024 (102.59).
Inventory Turnover measures how fast the company turns over its inventory within a year.
McCormick's Inventory Turnover for the
three
months ended in Feb. 2024 was 0.89.
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.
McCormick's Inventory-to-Revenue for the
three
months ended in Feb. 2024 was 0.70.
McCormick Days Inventory Historical Data
The historical data trend for McCormick'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.
Competitive Comparison of McCormick's Days Inventory
For the Packaged Foods subindustry, McCormick'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.
McCormick's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's Days Inventory distribution charts can be found below:
* The bar in red indicates where McCormick's Days Inventory falls into.
McCormick Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
McCormick's Days Inventory for the fiscal year that ended in Nov. 2023 is calculated as
* 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.
McCormick (NYSE:MKC) 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.
McCormick's Inventory Turnover for the
three
months ended in Feb. 2024 is calculated as
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.
McCormick's Inventory to Revenue for the
three
months ended in Feb. 2024 is calculated as
* 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.
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.
McCormick Days Inventory Related Terms
Thank you for viewing the detailed overview of McCormick's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and the Cholula brand.
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