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Apple Inc (NAS:AAPL)
Days Inventory
6.01 (As of Mar. 2014)

Apple Inc's inventory for the three months ended in Mar. 2014 was $1,829 Mil. Apple Inc's cost of goods sold for the three months ended in Mar. 2014 was $27,699 Mil. Hence, Apple Inc's days inventory for the three months ended in Mar. 2014 was 6.01.

Apple Inc's days inventory increased from Mar. 2013 (4.16) to Mar. 2014 (6.01). It might indicate that Apple Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Apple Inc's days sales of inventory (DSI) for the three months ended in Mar. 2014 was 3.65.

Inventory turnover measures how fast the company turns over its inventory within a year. Apple Inc's inventory turnover for the three months ended in Mar. 2014 was 15.14.

Inventory to revenue ratio 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 Inc's inventory to revenue ratio for the three months ended in Mar. 2014 was 0.04.


Definition

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

Apple Inc's Days Inventory for the fiscal year that ended in Sep. 2013 is calculated as

Days Inventory=Inventory/Cost of Goods Sold*Days in Period
=1764/106606*365
=6.04

Apple Inc's Days Inventory for the quarter that ended in Mar. 2014 is calculated as:

Days Inventory=Inventory/Cost of Goods Sold*Days in Period
=1829/27699*91
=6.01

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Apple Inc's Days Sales of Inventory for the three months ended in Mar. 2014 is calculated as

Days Sales of Inventory (DSI)=Inventory/Revenue*Days in Period
=1829/45646*91
=3.65

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

Apple Inc's Inventory Turnover for the three months ended in Mar. 2014 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.

Apple Inc's Inventory to Revenue for the three months ended in Mar. 2014 is calculated as

Inventory to Revenue=Inventory / Revenue
=1829 / 45646
=0.04

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Apple Inc Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
DaysInventory 6.126.097.187.977.656.479.704.403.296.04

Apple Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
DaysInventory 4.394.865.103.343.964.166.936.805.406.01
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