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CDW (CDW) Total Inventories : $668 Mil (As of Dec. 2023)


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What is CDW Total Inventories?

CDW's total inventories for the quarter that ended in Dec. 2023 was $668 Mil. CDW's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $687 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CDW's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-51.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CDW's Days Inventory for the three months ended in Dec. 2023 was 16.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. CDW's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.62.

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. CDW's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.


CDW Total Inventories Historical Data

The historical data trend for CDW's Total Inventories 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.

CDW Total Inventories Chart

CDW Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 611.20 760.00 927.60 800.20 668.10

CDW Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Inventories Get a 7-Day Free Trial 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 800.20 781.10 789.80 706.40 668.10

CDW Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


CDW  (NAS:CDW) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

CDW's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(588.7+0.75 * 4567.5+0.5 * 668.1-11242.1
-0-0)/134.1
=-51.41

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

CDW's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=687.25/3864.7*365 / 4
=16.23

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

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

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=3864.7 / 687.25
=5.62

4. 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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=687.25 / 5018.5
=0.14

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


CDW Total Inventories Related Terms

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CDW (CDW) Business Description

Traded in Other Exchanges
Address
75 Tri-State International, Lincolnshire, Chicago, IL, USA, 60069
CDW Corp is a value-added reseller operating in the U.S. (95% of sales) and Canada (5%). The company has more than 100,000 products on its line of cards that range from notebooks to data center software. Roughly half of CDW's revenue comes from midsize and large businesses, with the remaining from small businesses, government agencies, education institutions, and health-care organizations.
Executives
Christina M Corley officer: See Remarks 780 AEC DRIVE, WOOD DALE IL 60191
Christine A Leahy officer: See Remarks
Kelly J Grier director 155 HARLEM AVE., GLENVIEW IL 60025
Donna F Zarcone director C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208
Marc Ellis Jones director C/O GARDNER DENVER HOLDINGS, INC., 222 EAST ERIE STREET, MILWAUKEE WI 53202
Carolyn Wiesenhahn officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Peter R Locy officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Miralles Albert Joseph Jr officer: See Remarks 151 N. FRANKLIN, CHICAGO IL 60606
Paul J Finnegan director, 10 percent owner PO BOX 2000, 3905 DAKOTA STREET SW, ALEXANDRIA MN 56308
Kebo Collin B. officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Frederick J. Kulevich officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Sanjay Mehrotra director C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Anthony R Foxx director 2710 WYCLIFF ROAD, RALEIGH NC 27607
Ilaria Mocciaro officer: See Remarks 2301 PATRIOT BLVD, GLENVIEW IL 60026
Matthew A. Troka officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061