Days Inventory is also known as Days Sales of Inventory (DSI). Apple's Average Total Inventories for the
three
months ended in Dec. 2023 was R$31,585 Mil. Apple's Cost of Goods Sold for the
three
months ended in Dec. 2023 was R$317,115 Mil.
Hence, Apple's Days Inventory for the
three
months ended in Dec. 2023 was 9.09.
The historical rank and industry rank for Apple's Days Inventory or its related term are showing as below:
BSP:AAPL34'
s Days Inventory Range Over the Past 10 Years
Min: 5.81 Med: 9.07 Max: 11.88
Current: 11.88
During the past 13 years, Apple's highest Days Inventory was 11.88. The lowest was 5.81. And the median was 9.07.
BSP:AAPL34's Days Inventory is ranked better than 97.63% of 2404
companies
in the Hardware industry
Industry Median: 104.28
vs BSP:AAPL34: 11.88
Apple's Days Inventory
increased
from Dec. 2022 (8.03) to Dec. 2023 (9.09).
It might indicate that Apple's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Apple's Inventory Turnover for the
three
months ended in Dec. 2023 was 10.04.
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.
Apple's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.05.
Apple Days Inventory Historical Data
The historical data trend for Apple'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.
Apple Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Days Inventory
9.08
7.74
9.20
9.45
9.87
Apple Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
8.03
12.39
15.46
12.60
9.09
Competitive Comparison
For the Consumer Electronics subindustry, Apple'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.
Apple Days Inventory Distribution
For the Hardware industry and Technology sector, Apple's Days Inventory distribution charts can be found below:
* The bar in red indicates where Apple's Days Inventory falls into.
Apple Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Apple's Days Inventory for the fiscal year that ended in Sep. 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.
Apple (BSP:AAPL34) 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.
Apple's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Apple's Inventory to Revenue for the
three
months ended in Dec. 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.
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.
Apple Days Inventory Related Terms
Thank you for viewing the detailed overview of Apple's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
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