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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. Western Digital's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,456 Mil. Western Digital's Average Total Inventories for the quarter that ended in Mar. 2024 was $3,216 Mil. Western Digital's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.76.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Western Digital's Days Inventory for the three months ended in Mar. 2024 was 119.47.
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. Western Digital's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.
The historical data trend for Western Digital'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.
Western Digital Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial |
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4.12 | 4.08 | 3.71 | 3.56 | 2.84 |
Western Digital 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 |
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0.65 | 0.67 | 0.74 | 0.76 | 0.76 |
Western Digital's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as
Inventory Turnover (A: Jun. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Jun. 2023 ) | / ( | (Total Inventories (A: Jun. 2022 ) | + | Total Inventories (A: Jun. 2023 )) | / | count ) |
= | 10431 | / ( | (3638 | + | 3698) | / | 2 ) |
= | 10431 | / | 3668 | ||||
= | 2.84 |
Western Digital's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover (Q: Mar. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Mar. 2024 ) | / ( | (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) |
= | 2456 | / ( | (3216 | + | 3215) | / | 2 ) |
= | 2456 | / | 3215.5 | ||||
= | 0.76 |
* 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.
Western Digital (NAS:WDC) 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.
Western Digital's Days Inventory for the three months ended in Mar. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2024 ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | 3215.5 | / | 2456 | * | 365 / 4 | |
= | 119.47 |
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.
Western Digital's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 3215.5 | / | 3457 | |
= | 0.93 |
* 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
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.
Thank you for viewing the detailed overview of Western Digital's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Soderbery | officer: EVP & GM, Flash Business | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Gene M. Zamiska | officer: Principal Accounting Officer | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Reed B Rayman | director | 6775 LENOX CENTER COURT, SUITE 400, MEMPHIS TN 38115 |
David Goeckeler | director, officer: Chief Executive Officer | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Wissam G Jabre | officer: EVP & CFO | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Paula A Price | director | ONE CVS DRIVE, WOONSOCKET RI 02895 |
Miyuki Suzuki | director | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Thomas Caulfield | director | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Lori S Sundberg | officer: EVP & Chief Human Res Officer | 400 NORTH FIFTH STREET, PHOENIX AZ 85004 |
Michael Charles Ray | officer: Sr. VP, Gen Cnsl & Secretary | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Sean Hunkler | officer: EVP, Global Operations | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Michael D Cordano | officer: President, HGST Subsidiary | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Stephen D Milligan | officer: Sr. V.P. & CFO | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Matthew E Massengill | director, officer: Chairman and CEO | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Robert K Eulau | officer: EVP & CFO | 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
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