Days Inventory is also known as Days Sales of Inventory (DSI). Illinois Tool Works's Average Total Inventories for the
three
months ended in Dec. 2023 was $1,753 Mil. Illinois Tool Works's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2,312 Mil.
Hence, Illinois Tool Works's Days Inventory for the
three
months ended in Dec. 2023 was 69.19.
The historical rank and industry rank for Illinois Tool Works's Days Inventory or its related term are showing as below:
ITW'
s Days Inventory Range Over the Past 10 Years
Min: 49.89 Med: 54.58 Max: 74.29
Current: 74.29
During the past 13 years, Illinois Tool Works's highest Days Inventory was 74.29. The lowest was 49.89. And the median was 54.58.
ITW's Days Inventory is ranked better than 77.09% of 2907
companies
in the Industrial Products industry
Industry Median: 120.15
vs ITW: 74.29
Illinois Tool Works's Days Inventory
declined
from Dec. 2022 (80.24) to Dec. 2023 (69.19).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Illinois Tool Works's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.32.
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.
Illinois Tool Works's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.44.
Illinois Tool Works Days Inventory Historical Data
The historical data trend for Illinois Tool Works'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.
Competitive Comparison of Illinois Tool Works's Days Inventory
For the Specialty Industrial Machinery subindustry, Illinois Tool Works'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.
Illinois Tool Works's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Illinois Tool Works's Days Inventory distribution charts can be found below:
* The bar in red indicates where Illinois Tool Works's Days Inventory falls into.
Illinois Tool Works Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Illinois Tool Works's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Illinois Tool Works (NYSE:ITW) 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.
Illinois Tool Works's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Illinois Tool Works's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Illinois Tool Works Days Inventory Related Terms
Thank you for viewing the detailed overview of Illinois Tool Works's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Illinois Tool Works (Illinois Tool Works) Business Description
Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.
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