Sherwin-Williams Co (WBO:SHWW) Inventory Turnover : 1.17 (As of Dec. 2023)

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What is Sherwin-Williams Co 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. Sherwin-Williams Co's Cost of Goods Sold for the three months ended in Dec. 2023 was €2,479 Mil. Sherwin-Williams Co's Average Total Inventories for the quarter that ended in Dec. 2023 was €2,120 Mil. Sherwin-Williams Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sherwin-Williams Co's Days Inventory for the three months ended in Dec. 2023 was 78.02.

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. Sherwin-Williams Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.

Sherwin-Williams Co Inventory Turnover Historical Data

The historical data trend for Sherwin-Williams Co'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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Sherwin-Williams Co Inventory Turnover Chart

Sherwin-Williams Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.39

5.00

6.33

5.79

4.88

Sherwin-Williams Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.13	1.30	1.38	1.17	1.21

Sherwin-Williams Co Inventory Turnover Calculation

Sherwin-Williams Co'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 )
=	11273.414	/ (	(2479.416	+	2136.427)	/	2 )
=	11273.414	/	2307.9215
=	4.88

Sherwin-Williams Co'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 )
=	2479.109	/ (	(2102.909	+	2136.427)	/	2 )
=	2479.109	/	2119.668
=	1.17

Sherwin-Williams Co (WBO:SHWW) 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.

Sherwin-Williams Co'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
	=	2119.668	/	2479.109	*	365 / 4
	=	78.02

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.

Sherwin-Williams Co'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 )
	=	2119.668	/	4816.267
	=	0.44

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.

Sherwin-Williams Co Inventory Turnover Related Terms

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Sherwin-Williams Co (WBO:SHWW) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

SHW:USA SHW:Mexico 1SHW:Italy SJ3:Germany S1HW34:Brazil

Address

101 West Prospect Avenue, Cleveland, OH, USA, 44115-1075

Website

https://www.sherwin-williams.com

Sherwin-Williams is the largest provider of architectural paint in the United States. The company has over 4,900 stores and sells premium paint at higher price points than most competitors. Sherwin-Williams also sells paint-related products in big-box stores and provides coatings for original equipment manufacturers.

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