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Days Inventory is also known as Days Sales of Inventory (DSI). Arrow Electronics's Average Total Inventories for the three months ended in Dec. 2023 was $5,496 Mil. Arrow Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was $6,860 Mil. Hence, Arrow Electronics's Days Inventory for the three months ended in Dec. 2023 was 73.12.
The historical rank and industry rank for Arrow Electronics's Days Inventory or its related term are showing as below:
During the past 13 years, Arrow Electronics's highest Days Inventory was 68.80. The lowest was 41.56. And the median was 48.45.
Arrow Electronics's Days Inventory increased from Dec. 2022 (58.47) to Dec. 2023 (73.12). It might indicate that Arrow Electronics's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Arrow Electronics's Inventory Turnover for the three months ended in Dec. 2023 was 1.25.
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. Arrow Electronics's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.70.
The historical data trend for Arrow Electronics'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.
For the Electronics & Computer Distribution subindustry, Arrow Electronics'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.
For the Hardware industry and Technology sector, Arrow Electronics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Arrow Electronics's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Arrow Electronics's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
Days Inventory (A: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2023 ) | * | Days in Period |
= | ( (5319.369 | + | 5187.225) | / | 2 ) | / | 28958.102 | * | 365 |
= | 5253.297 | / | 28958.102 | * | 365 | ||||
= | 66.21 |
Arrow Electronics's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:
Days Inventory (Q: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | ( (5805.52 | + | 5187.225) | / | 2 ) | / | 6859.607 | * | 365 / 4 |
= | 5496.3725 | / | 6859.607 | * | 365 / 4 | ||||
= | 73.12 |
* 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.
Arrow Electronics (NYSE:ARW) 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.
Arrow Electronics's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 6859.607 | / | 5496.3725 | |
= | 1.25 |
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.
Arrow Electronics's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 5496.3725 | / | 7849.157 | |
= | 0.70 |
* 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.
Thank you for viewing the detailed overview of Arrow Electronics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard John Marano | officer: President, Global Components | 9201 E DRY CREEK ROAD, CENTENNIAL CO 80112 |
Gail Hamilton | director | 20330 STEVENS CREEK BLVD., CUPERTINO CA 95014 |
Kirk Schell | officer: President, Global Components | 9201 E DRY CREEK ROAD, CENTENNIAL CO 80112 |
Gretchen Zech | officer: SVP, Global Human Resources | 9201 E DRY CREEK RD, CENTENNIAL CO 80112 |
Andrew Charles Kerin | director | C/O ARAMARK CORPORATION, 1101 MARKET STREET, PHILADELPHIA PA 19107 |
Mary T Mcdowell | director | |
Michael J Long | director, officer: Chairman, President & CEO | 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112 |
Kristin Diana Russell | officer: President, Global ECS | 9201 E. DRY CREEK RD., CENTENNIAL CO 80112 |
Vincent P Melvin | officer: Chief Information Officer | ARROW ELECTRONICS, INC., 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112 |
Rajesh K. Agrawal | officer: SVP, Chief Financial Officer | 9201 E. DRY CREEK RD., CENTENNIAL CO 80112 |
Carine Lamercie Jean-claude | officer: SVP, Chief Legal Officer | 9201 E. DRY CREEK RD., CENTENNIAL CO 80112 |
David Alan West | officer: President, Global Components | 9201 E. DRY CREEK RD., CENTENNIAL CO 80112 |
Christopher Stansbury | officer: SVP & Chief Financial Officer | C/O ARROW ELECTRONICS, INC, 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112 |
Charles Ii Kostalnick | officer: Chief Supply Chain Officer | 2700 NORTH FIRST STREET, SAN JOSE CA 95134 |
Carol P Lowe | director | 4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104 |
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