Watsco (Watsco) Change In Inventory

: $65 Mil (TTM As of Dec. 2023)

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Watsco's change in inventory for the quarter that ended in Dec. 2023 was $208 Mil. It means Watsco's inventory declined by $208 Mil from Sep. 2023 to Dec. 2023 .

Watsco's change in inventory for the fiscal year that ended in Dec. 2023 was $65 Mil. It means Watsco's inventory declined by $65 Mil from Dec. 2022 to Dec. 2023 .

Watsco's Total Inventories for the quarter that ended in Dec. 2023 was $1,347 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Watsco's Days Inventory for the quarter that ended in Dec. 2023 was 111.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Watsco's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.82.

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. Watsco's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.90.

Watsco Change In Inventory Historical Data

The historical data trend for Watsco'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.

* Premium members only.

Watsco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-15.53

139.93

-243.66

-259.86

64.62

Watsco 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																16.79	-240.76	-72.88	169.89	208.37

Watsco 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 $65 Mil.

Watsco (NYSE:WSO) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1448.5145	/	1188.781	*	365 / 4
	=	111.19

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1188.781	/	1448.5145
	=	0.82

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1448.5145	/	1603.197
	=	0.90

Watsco Change In Inventory Related Terms

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Watsco (Watsco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Watsco Inc (NYSE:WSO) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

WSO.B:USA WC30:Germany WC3:Germany WC3:Germany

Address

2665 South Bayshore Drive, Suite 901, Miami, FL, USA, 33133

Website

https://www.watsco.com

Watsco is the largest heating, ventilation, air-conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (91% of 2022 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.

Executives

Ana Lopez-blazquez	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Valerie Schimel	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
John Alexander Macdonald	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Stephen F. Rush	officer: EVP and COO	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
John Michael Custer	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Brian E. Keeley	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Steven Rubin	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Barry S Logan	officer: Senior Vice President
Watsco Inc	director	2665 SOUTH BAYSHORE DR, STE 901, COCONUT GROVE FL 33133
Jason Epstein	director	% COLUMBUS ACQUISITION CORP, 153 EAST 53RD STREET 58TH FLOOR, NEW YORK NY 10022
United Technologies Corp /de/	10 percent owner	1000 WILSON BLVD, ARLINGTON VA 22209
David C. Darnell	director	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Paul F Manley	director	C/O GENTA INC., TWO VANWAY, BERKELEY HEIGHTS NJ 07922
Bob L Moss	director
Denise Dickins	director	1867 TRAVIS CIRCLE, WEST PALM BEACH FL 33406