GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Whirlpool Corp (NYSE:WHR) » Definitions » Inventory Turnover

Whirlpool (Whirlpool) Inventory Turnover : 1.85 (As of Dec. 2023)


View and export this data going back to 1955. Start your Free Trial

What is Whirlpool Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Whirlpool's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,296 Mil. Whirlpool's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,318 Mil. Whirlpool's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Whirlpool's Days Inventory for the three months ended in Dec. 2023 was 49.23.

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. Whirlpool's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.46.


Whirlpool Inventory Turnover Historical Data

The historical data trend for Whirlpool's Inventory Turnover 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.

Whirlpool Inventory Turnover Chart

Whirlpool Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.80 6.59 7.01 6.93 7.51

Whirlpool Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.72 1.75 1.64 1.69 1.85

Whirlpool Inventory Turnover Calculation

Whirlpool's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=16285 / ((2089 + 2247) / 2 )
=16285 / 2168
=7.51

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

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=4296 / ((2388 + 2247) / 2 )
=4296 / 2317.5
=1.85

* 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.


Whirlpool  (NYSE:WHR) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Whirlpool's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=2317.5/4296*365 / 4
=49.23

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=2317.5 / 5088
=0.46

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Whirlpool Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Whirlpool's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Whirlpool (Whirlpool) Business Description

Traded in Other Exchanges
Address
2000 North M-63, Benton Harbor, MI, USA, 49022-2692
Whirlpool Corp is a manufacturer and marketer of home appliances and related products. Its reportable segments consist of North America; Europe, the Middle East and Africa ("EMEA"); Latin America and Asia. Product categories include refrigeration, laundry, cooking, and dishwashing. The company has also a portfolio of small domestic appliances, including the KitchenAid stand mixer. The company's international brands include Whirlpool, KitchenAid, Maytag, Consul, and Brastemp among others.
Executives
Rudolph Wilson director 2000 N. M-63, BENTON HARBOR MI 49085
James W Peters officer: EXEC VICE PRESIDENT AND CFO 2000 M-63N, BENTON HARBOR MI 49022
Marc R Bitzer director, officer: CHIEF EXECUTIVE OFFICER 2000 M-63N, BENTON HARBOR MI 49022
Juan Carlos Puente officer: EVP & PRES. WHIRLPOOL LAR 2000 N. M-63, BENTON HARBOR MI 49022
Carey L Martin officer: EVP & Chief HR Officer 2000 N. M-63, BENTON HARBOR MI 49022
Ava Harter officer: EVP & Chief Legal Officer ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Christopher S Conley officer: Vice President and Controller 2000 N M-63, BENTON HARBOR MI 49022
Gary T Dicamillo director 888 WASHINGTON STREET, DEDHAM MA 02027
Everhart Carl E. Winn officer: EVP & PRESIDENT, NA 2000 N. M-63, BENTON HARBOR MI 49022
Joseph T. Liotine officer: EXEC VICE PRESIDENT & PRES NA 2000 M-63N, BENTON HARBOR MI 49022
Gilles Morel officer: EVP AND PRESIDENT, EMEA 2000 N-M63, BENTON HARBOR MI 49022
Shengpo Wu officer: PRESIDENT, ASIA ONE AMERICAN ROAD, DEARBORN MI 48126
Joao Carlos Brega officer: EXECUTIVE VICE PRESIDENT 2000 M-63N, BENTON HARBOR MI 49022
Jennifer A. Laclair director ALLY DETROIT CENTER, 500 WOODWARD AVENUE, DETROIT MI 48226
Greg Creed director 1441 GARDINER LANE, LOUISVILLE KY 40213

Whirlpool (Whirlpool) Headlines

From GuruFocus

Whirlpool Corp Investor Day Transcript

By GuruFocus Research 01-23-2024

Q3 2022 Whirlpool Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2023 Whirlpool Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2021 Whirlpool Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2023 Whirlpool Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2020 Whirlpool Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2019 Whirlpool Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024