ACCO Brands (ACCO Brands) Change In Inventory : $86 Mil (TTM As of Dec. 2023)

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What is ACCO Brands Change In Inventory?

ACCO Brands's change in inventory for the quarter that ended in Dec. 2023 was $50 Mil. It means ACCO Brands's inventory declined by $50 Mil from Sep. 2023 to Dec. 2023 .

ACCO Brands's change in inventory for the fiscal year that ended in Dec. 2023 was $86 Mil. It means ACCO Brands's inventory declined by $86 Mil from Dec. 2022 to Dec. 2023 .

ACCO Brands's Total Inventories for the quarter that ended in Dec. 2023 was $328 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ACCO Brands's Days Inventory for the quarter that ended in Dec. 2023 was 99.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. ACCO Brands's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.92.

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. ACCO Brands's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.71.

ACCO Brands Change In Inventory Historical Data

The historical data trend for ACCO Brands'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.

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ACCO Brands Change In Inventory Chart

ACCO Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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71.40

2.20

-131.80

23.20

85.50

ACCO Brands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															44.10	-25.00	35.10	25.40	50.00

ACCO Brands Change In Inventory Calculation

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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $86 Mil.

ACCO Brands (NYSE:ACCO) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

ACCO Brands's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	348	/	318.6	*	365 / 4
	=	99.67

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

ACCO Brands's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	318.6	/	348
	=	0.92

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.

ACCO Brands's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	348	/	488.6
	=	0.71

ACCO Brands Change In Inventory Related Terms

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ACCO Brands (ACCO Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ACCO Brands Corp (NYSE:ACCO) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

A3B:Germany

Address

Four Corporate Drive, Lake Zurich, IL, USA, 60047

Website

https://www.accobrands.com

ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products primarily under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO, Rapid, Rexel, Tilibra, and Wilson Jones brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs.

Executives

Paul P Daniel	officer: SVP and CIO	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Joseph B Burton	director	345 ENCINAL STREET, SANTA CRUZ CA 95060
Deborah A Oconnor	officer: EVP and CFO	C/O ACCO BRANDS CORP, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Gregory J. Mccormack	officer: Sr. Vice Pres, Global Products	FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Roxanne M Bernstein	officer: EVP & Pres, ACCO Brands N.A.	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Boris Elisman	director, officer: Chairman, President & CEO	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Gina Boswell	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Angela Y Jones	officer: SVP, Global Chief People Offic	9900 W. 109 STREET, SUITE 100, OVERLAND PARK KS 66210
Thomas W Tedford	officer: Exec VP & Pres US Office & Con	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Neal V Fenwick	officer: Executive VP and CFO	FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Pamela R Schneider	officer: Sr VP, General Counsel & Sec	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Patrick Buchenroth	officer: ExecVP, Pres ACCO Brands Intl	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Ralph Paul Hargrow	officer: Sr VP & Chief People Officer	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Ronald M. Lombardi	director	660 WHITE PLAINS RD., TARRYTOWN NY 10591
James Dudek	officer: SVP, Corp Controller and CAO	C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147