McCormick's change in inventory for the quarter that ended in Feb. 2024 was $-2 Mil. It means McCormick's inventory
increased by $2 Mil
from Nov. 2023 to Feb. 2024 .
McCormick's change in inventory for the fiscal year that ended in Nov. 2023 was $225 Mil. It means McCormick's inventory
declined by $225 Mil
from Nov. 2022 to Nov. 2023 .
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
McCormick's Days Inventory for the quarter that ended in Feb. 2024 was 102.59.
Inventory Turnover measures how fast the company turns over its inventory within a year.
McCormick's Inventory Turnover for the quarter that 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 quarter that ended in Feb. 2024 was 0.70.
McCormick Change In Inventory Historical Data
The historical data trend for McCormick's Change In 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.
Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.
Change In Inventory for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $223 Mil.
* 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) Change In Inventory Explanation
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 quarter that ended in is calculated as:
3. 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.
McCormick Change In Inventory Related Terms
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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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