ACCO Brands (ACCO Brands) Inventory Turnover : 0.92 (As of Dec. 2023)

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What is ACCO Brands Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. ACCO Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was $319 Mil. ACCO Brands's Average Total Inventories for the quarter that ended in Dec. 2023 was $348 Mil. ACCO Brands's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ACCO Brands's Days Inventory for the three months ended in Dec. 2023 was 99.67.

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. ACCO Brands's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.71.

ACCO Brands Inventory Turnover Historical Data

The historical data trend for ACCO Brands's Inventory Turnover 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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ACCO Brands Inventory Turnover Chart

ACCO Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.24

3.95

3.85

3.39

3.42

ACCO Brands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.86	0.69	0.80	0.79	0.92

ACCO Brands Inventory Turnover Calculation

ACCO Brands's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1234.5	/ (	(395.2	+	327.5)	/	2 )
=	1234.5	/	361.35
=	3.42

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	318.6	/ (	(368.5	+	327.5)	/	2 )
=	318.6	/	348
=	0.92

ACCO Brands (NYSE:ACCO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

ACCO Brands'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
	=	348	/	318.6	*	365 / 4
	=	99.67

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.

ACCO Brands'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 )
	=	348	/	488.6
	=	0.71

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

ACCO Brands Inventory Turnover Related Terms

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ACCO Brands (ACCO Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ACCO Brands Corp (NYSE:ACCO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

A3B:Germany

Address

Four Corporate Drive, Lake Zurich, IL, USA, 60047

Website

https://www.accobrands.com

ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products primarily under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO, Rapid, Rexel, Tilibra, and Wilson Jones brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs.

Executives

Paul P Daniel	officer: SVP and CIO	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Joseph B Burton	director	345 ENCINAL STREET, SANTA CRUZ CA 95060
Deborah A Oconnor	officer: EVP and CFO	C/O ACCO BRANDS CORP, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Gregory J. Mccormack	officer: Sr. Vice Pres, Global Products	FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Roxanne M Bernstein	officer: EVP & Pres, ACCO Brands N.A.	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Boris Elisman	director, officer: Chairman, President & CEO	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Gina Boswell	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Angela Y Jones	officer: SVP, Global Chief People Offic	9900 W. 109 STREET, SUITE 100, OVERLAND PARK KS 66210
Thomas W Tedford	officer: Exec VP & Pres US Office & Con	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Neal V Fenwick	officer: Executive VP and CFO	FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Pamela R Schneider	officer: Sr VP, General Counsel & Sec	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Patrick Buchenroth	officer: ExecVP, Pres ACCO Brands Intl	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Ralph Paul Hargrow	officer: Sr VP & Chief People Officer	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Ronald M. Lombardi	director	660 WHITE PLAINS RD., TARRYTOWN NY 10591
James Dudek	officer: SVP, Corp Controller and CAO	C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147