Fastenal Co (LTS:0IKW) Change In Inventory : $153 Mil (TTM As of Mar. 2024)

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What is Fastenal Co Change In Inventory?

Fastenal Co's change in inventory for the quarter that ended in Mar. 2024 was $22 Mil. It means Fastenal Co's inventory declined by $22 Mil from Dec. 2023 to Mar. 2024 .

Fastenal Co's change in inventory for the fiscal year that ended in Dec. 2023 was $189 Mil. It means Fastenal Co's inventory declined by $189 Mil from Dec. 2022 to Dec. 2023 .

Fastenal Co's Total Inventories for the quarter that ended in Mar. 2024 was $1,496 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fastenal Co's Days Inventory for the quarter that ended in Mar. 2024 was 133.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fastenal Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.68.

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. Fastenal Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Fastenal Co Change In Inventory Historical Data

The historical data trend for Fastenal Co'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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Fastenal Co Change In Inventory Chart

Fastenal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-84.40

36.00

-189.50

-198.00

189.10

Fastenal Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															57.70	87.90	46.10	-2.60	21.90

Fastenal Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $153 Mil.

Fastenal Co (LTS:0IKW) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1509.5	/	1033.5	*	365 / 4
	=	133.28

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

Fastenal Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1033.5	/	1509.5
	=	0.68

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.

Fastenal Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1509.5	/	1895.1
	=	0.80

Fastenal Co Change In Inventory Related Terms

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Fastenal Co (LTS:0IKW) Business Description

Industry

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Traded in Other Exchanges

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Address

2001 Theurer Boulevard, Winona, MN, USA, 55987-1500

Website

https://www.fastenal.com

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.

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