Apple (LIM:AAPL) Change In Inventory : $52 Mil (TTM As of Dec. 2023)

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What is Apple Change In Inventory?

Apple's change in inventory for the quarter that ended in Dec. 2023 was $-137 Mil. It means Apple's inventory increased by $137 Mil from Sep. 2023 to Dec. 2023 .

Apple's change in inventory for the fiscal year that ended in Sep. 2023 was $-1,618 Mil. It means Apple's inventory increased by $1,618 Mil from Sep. 2022 to Sep. 2023 .

Apple's Total Inventories for the quarter that ended in Dec. 2023 was $6,511 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Apple's Days Inventory for the quarter that ended in Dec. 2023 was 9.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Apple's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.08.

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's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Apple Change In Inventory Historical Data

The historical data trend for Apple'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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Apple Change In Inventory Chart

Apple Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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-289.00

-127.00

-2,642.00

1,484.00

-1,618.00

Apple 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															-1,807.00	-741.00	-22.00	952.00	-137.00

Apple 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 $52 Mil.

Apple (LIM:AAPL) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6421	/	64720	*	365 / 4
	=	9.05

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	64720	/	6421
	=	10.08

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6421	/	119575
	=	0.05

Apple Change In Inventory Related Terms

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Apple (LIM:AAPL) Business Description

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Address

One Apple Park Way, Cupertino, CA, USA, 95014

Website

https://www.apple.com

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.