Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. McCormick's Cost of Goods Sold for the
three
months ended in Feb. 2024 was $1,003 Mil. McCormick's Average Total Inventories for the quarter that ended in Feb. 2024 was $1,128 Mil.
McCormick's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.89.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
McCormick's Days Inventory for the
three
months ended in Feb. 2024 was 102.59.
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 quarter that ended in Feb. 2024 was 0.70.
McCormick Inventory Turnover Historical Data
The historical data trend for McCormick's Inventory Turnover 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.
McCormick Annual Data
Trend
Nov14
Nov15
Nov16
Nov17
Nov18
Nov19
Nov20
Nov21
Nov22
Nov23
Inventory Turnover
4.03
3.60
3.45
3.23
3.37
McCormick Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Inventory Turnover
0.75
0.80
0.85
0.89
0.89
McCormick Inventory Turnover Calculation
McCormick's Inventory Turnover 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.
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
McCormick's Days Inventory 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 quarter that 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
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
McCormick Inventory Turnover Related Terms
Thank you for viewing the detailed overview of McCormick's Inventory Turnover 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MKC has been successfully added to your 