Apple Days Inventory

: 9.03 (As of Mar. 2021)

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Apple's Total Inventories for the three months ended in Mar. 2021 was $5,096 Mil. Apple's Cost of Goods Sold for the three months ended in Mar. 2021 was $51,505 Mil. Hence, Apple's Days Inventory for the three months ended in Mar. 2021 was 9.03.

NAS:AAPL' s Days Inventory Range Over the Past 10 Years
Min: 3.26 Med: 6.26 Max: 9.82
Current: 8.05

3.26

9.82

During the past 13 years, Apple's highest Days Inventory was 9.82. The lowest was 3.26. And the median was 6.26.

NAS:AAPL's Days Inventory is ranked higher than
98% of the 2277 Companies
in the Hardware industry.

( Industry Median: 83.47 vs. NAS:AAPL: 8.05 )

Apple's Days Inventory declined from Mar. 2020 (9.43) to Mar. 2021 (9.03).

Total Inventories can be measured by Days Sales of Inventory (DSI).

Inventory Turnover measures how fast the company turns over its inventory within a year. Apple's Inventory Turnover for the three months ended in Mar. 2021 was 10.11.

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 Mar. 2021 was 0.06.

Apple Days Inventory Historical Data

* 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

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Days Inventory

6.22

9.04

9.82

9.09

8.79

Apple Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Days Inventory																9.43	9.02	9.17	6.14	9.03

Competitive Comparison

* 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.

Annual Data Quarterly Data

Apple Days Inventory Distribution

* 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. 2020 is calculated as

	Days Inventory (A: Sep. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2019 )	+	Total Inventories (A: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2020 )	*	Days in Period
=	( (4106	+	4061)	/	2 )	/	169559	*	365
=	4083.5					/	169559	*	365
=	8.79

Apple's Days Inventory for the quarter that ended in Mar. 2021 is calculated as:

	Days Inventory (Q: Mar. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
=	( (4973	+	5219)	/	2 )	/	51505	*	365 / 4
=	5096					/	51505	*	365 / 4
=	9.03

Apple (NAS:AAPL) Days Inventory Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Total Inventories can be measured by Days Sales of Inventory (DSI).

Apple's Days Sales of Inventory for the three months ended in Mar. 2021 is calculated as

Days Sales of Inventory (DSI)	=	Total Inventories	/	Revenue	*	Days in Period
	=	5096	/	89584	*	365 / 4
	=	5.19

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

Apple's Inventory Turnover for the three months ended in Mar. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Total Inventories
	=	51505	/	5096
	=	10.11

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 three months ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Total Inventories	/	Revenue
	=	5096	/	89584
	=	0.06

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

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