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Inventory Days Benchmark — FMCG Pet

How many days of inventory does a typical FMCG Pet business hold? This page tracks the listed companies in this segment — inventory days (DIO), the spread between the fastest and slowest quartile, built from company filings, not survey responses.

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Only 2 listed companies tracked in this segment — too few to publish a reliable median (the floor is 4). The individual companies are listed below with their own inventory-days figures.

The named companies

Each row is that company's own latest reported fiscal year — not all companies report on the same calendar, so years vary by row.

Inventory days by company, FMCG Pet
CompanyExchangeLatest FYInventory daysTrendSource
Central Garden & Pet CENT US 2025 (27 Sep 2025) 126.7 days Inventory days 2018–2025: 96.0 → 126.7 10-K (SEC EDGAR)
Freshpet FRPT US 2025 (31 Dec 2025) 44.1 days Inventory days 2018–2025: 34.4 → 44.1 10-K (SEC EDGAR)

What this means

Only two listed companies in this dataset make pet food and supplies their primary business — Freshpet and Central Garden & Pet, both US-listed. That's too thin a panel to publish a median; a "benchmark" built from two companies is really just two companies' numbers wearing a label. Freshpet in particular runs a fresh, short-shelf-life product with a different inventory profile to dry or canned pet food, which is another reason the two shouldn't be blended into one figure. The individual numbers below are still real and citable — there just isn't a median behind them.

How this is calculated

Inventory days (DIO) is calculated as 365 × average inventory ÷ COGS, with the balance averaged against the prior year where one exists so a single year-end stock date can't distort the figure. US figures come from each company's own 10-K, pulled from the SEC's XBRL company-facts API. Australian figures come from each company's statutory accounts as rendered by Yahoo Finance, linking through to the company's ASX page — a weaker chain of custody than the US half, one step removed from the primary filing rather than pulled from it directly. Australian coverage runs three benchmark years (2022–2024) against eight for the US, because only a handful of fiscal years of ASX data are obtainable this way.

If your inventory days sit in the top quartile, that gap is cash.

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