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Apple Days Inventory

: 9.99 (As of Jun. 2022)
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Days Inventory is also known as Days Sales of Inventory (DSI). Apple's Average Total Inventories for the three months ended in Jun. 2022 was ARS620,002 Mil. Apple's Cost of Goods Sold for the three months ended in Jun. 2022 was ARS5,664,414 Mil. Hence, Apple's Days Inventory for the three months ended in Jun. 2022 was 9.99.

The historical rank and industry rank for Apple's Days Inventory or its related term are showing as below:

BUE:AAPL' s Days Inventory Range Over the Past 10 Years
Min: 3.26   Med: 7.55   Max: 9.82
Current: 9.48

During the past 13 years, Apple's highest Days Inventory was 9.82. The lowest was 3.26. And the median was 7.55.

BUE:AAPL's Days Inventory is ranked better than
98.14% of 2308 companies
in the Hardware industry
Industry Median: 91.74 vs BUE:AAPL: 9.48

Apple's Days Inventory declined from Jun. 2021 (10.02) to Jun. 2022 (9.99).

Inventory Turnover measures how fast the company turns over its inventory within a year. Apple's Inventory Turnover for the three months ended in Jun. 2022 was 9.14.

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 three months ended in Jun. 2022 was 0.06.


Apple Days Inventory Historical Data

The historical data trend for Apple'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.

* Premium members only.

Apple Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.63 6.99 7.57 7.70 8.28

Apple Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Days Inventory 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 Premium Member Only Premium Member Only Premium Member Only 10.02 10.98 8.02 9.16 9.99

Competitive Comparison

For the Consumer Electronics subindustry, Apple'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.

   

Apple Days Inventory Distribution

For the Hardware industry and Technology sector, Apple's Days Inventory distribution charts can be found below:

* The bar in red indicates where Apple's Days Inventory falls into.



Apple Days Inventory Calculation

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

Apple's Days Inventory for the fiscal year that ended in Sep. 2021 is calculated as

Days Inventory (A: Sep. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Sep. 2020 ) + Total Inventories (A: Sep. 2021 )) / count ) / Cost of Goods Sold (A: Sep. 2021 )*Days in Period
=( (301488.63297652 + 643392.39336534) / 2 ) / 20825281.96525*365
=472440.51317093 / 20825281.96525*365
=8.28

Apple's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

Days Inventory (Q: Jun. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (586251.41855932 + 653752.89902048) / 2 ) / 5664414.4981576*365 / 4
=620002.1587899 / 5664414.4981576*365 / 4
=9.99

* 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.


Apple  (BUE:AAPL) 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.

Apple's Inventory Turnover for the three months ended in Jun. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=5664414.4981576 / 620002.1587899
=9.14

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.

Apple's Inventory to Revenue for the three months ended in Jun. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=620002.1587899 / 9982456.6077379
=0.06

* 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.


Apple Days Inventory Related Terms

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


Apple Business Description

Apple logo
Address
One Apple Park Way, Cupertino, CA, USA, 95014
Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others. Apple's products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally.

Apple Headlines

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