PC Connection (PC Connection) Inventory Turnover : 4.25 (As of Dec. 2023)

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What is PC Connection 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. PC Connection's Cost of Goods Sold for the three months ended in Dec. 2023 was $567 Mil. PC Connection's Average Total Inventories for the quarter that ended in Dec. 2023 was $133 Mil. PC Connection's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PC Connection's Days Inventory for the three months ended in Dec. 2023 was 21.45.

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. PC Connection's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

PC Connection Inventory Turnover Historical Data

The historical data trend for PC Connection'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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PC Connection Inventory Turnover Chart

PC Connection Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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19.43

16.36

13.98

12.52

14.05

PC Connection 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															2.88	2.97	3.37	3.72	4.25

PC Connection Inventory Turnover Calculation

PC Connection'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 )
=	2338.908	/ (	(208.682	+	124.179)	/	2 )
=	2338.908	/	166.4305
=	14.05

PC Connection'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 )
=	566.691	/ (	(142.243	+	124.179)	/	2 )
=	566.691	/	133.211
=	4.25

PC Connection (NAS:CNXN) 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.

PC Connection'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
	=	133.211	/	566.691	*	365 / 4
	=	21.45

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.

PC Connection'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 )
	=	133.211	/	696.466
	=	0.19

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.

PC Connection Inventory Turnover Related Terms

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PC Connection (PC Connection) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » PC Connection Inc (NAS:CNXN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PCC:Germany

Address

730 Milford Road, Merrimack, NH, USA, 03054-4631

Website

https://www.connection.com

PC Connection Inc is a provider of information technology solutions. It provides products such as computer systems, software and peripheral equipment, networking communications, and other products and accessories that company purchase from manufacturers and distributors. The company also offers services involving design, configuration, and implementation of IT solutions. It conducts business operations through three business segments namely Business Solutions, Enterprise Solutions, and Public Sector Solutions. The company generates maximum revenue Enterprise Solutions segment.

Executives

Thomas C Baker	officer: Sr. VP, CFO & Treasurer	730 MILFORD ROAD, MERRIMACK NH 03054
Negrini David Beffa	director, officer: VP, Corporate Communications	PC CONNECTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Timothy J Mcgrath	officer: President & CEO	PC CONNECTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Jack L Ferguson	officer: Treasurer & Interim CFO	PC CONNECTION, INC., 730 MILFORD ROAD, MERRIMACK NH 03054
Barbara Duckett	director	730 MILFORD ROAD, MERRIMACK NH 03054
Patricia Gallup	director, 10 percent owner, officer: Chairman & Chief Admin Officer	730 MILFORD ROAD, MERRIMACK NH 03054
Pc Connection Inc	10 percent owner	ROUTE 101A, 730 MILFORD RD, MERRIMACK NH 03054
Comack Trust	10 percent owner	450 MARLBORO STREET, KEENE NH 03431
Jay E Bothwick	director	C/O PC CONENCTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Gary Kinyon	director	730 MILFORD ROAD, MERRIMACK NH 03054
Estate Of David Mclellan Hall	10 percent owner	C/O PC CONNECTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Joseph A Baute	director	730 MILFORD ROAD, MERRIMACK NH 03054
Stephen P Sarno	officer: Sr. VP, Treasurer & CFO	C/O SAPIENT CORPORATION, 25 FIRST STREET, CAMBRIDGE MA 02141
David Hall	director, 10 percent owner, officer: Vice Chairman	730 MILFORD ROAD, MERRIMACK NH 03054
Glynn W Schulze	officer: Interim CFO and VP	C/O PC CONNECTION, INC., 730 MILFORD ROAD, MERRIMACK NH 03054