CDW Holding (CDW Holding) Days Inventory : 74.34 (As of Dec. 2023)

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What is CDW Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CDW Holding's Average Total Inventories for the six months ended in Dec. 2023 was $17.9 Mil. CDW Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was $43.9 Mil. Hence, CDW Holding's Days Inventory for the six months ended in Dec. 2023 was 74.34.

The historical rank and industry rank for CDW Holding's Days Inventory or its related term are showing as below:

CDWHF' s Days Inventory Range Over the Past 10 Years
Min: 31.11 Med: 44.6 Max: 86.34
Current: 83.9

During the past 13 years, CDW Holding's highest Days Inventory was 86.34. The lowest was 31.11. And the median was 44.60.

CDWHF's Days Inventory is ranked better than
69.96% of 942 companies
in the Semiconductors industry
Industry Median: 130.195 vs CDWHF: 83.90

CDW Holding's Days Inventory declined from Dec. 2022 (77.22) to Dec. 2023 (74.34).

Inventory Turnover measures how fast the company turns over its inventory within a year. CDW Holding's Inventory Turnover for the six months ended in Dec. 2023 was 2.46.

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 Holding's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.34.

CDW Holding Days Inventory Historical Data

The historical data trend for CDW Holding's Days Inventory 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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CDW Holding Days Inventory Chart

CDW Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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45.21

47.75

62.87

79.45

85.55

CDW Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															63.41	105.35	77.22	90.29	74.34

Competitive Comparison of CDW Holding's Days Inventory

For the Semiconductor Equipment & Materials subindustry, CDW Holding's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CDW Holding's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, CDW Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where CDW Holding's Days Inventory falls into.

CDW Holding Days Inventory Calculation

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

CDW Holding's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (26.368	+	16.057)	/	2 )	/	90.502	*	365
=	21.2125					/	90.502	*	365
=	85.55

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

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.724	+	16.057)	/	2 )	/	43.922	*	365 / 2
=	17.8905					/	43.922	*	365 / 2
=	74.34

CDW Holding (OTCPK:CDWHF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

CDW Holding's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	43.922	/	17.8905
	=	2.46

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.

CDW Holding's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17.8905	/	52.544
	=	0.34

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

CDW Holding Days Inventory Related Terms

Thank you for viewing the detailed overview of CDW Holding's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

CDW Holding (CDW Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » CDW Holding Ltd (OTCPK:CDWHF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BXE:Singapore

Address

11 Wo Shing Street, Fo Tan, Shatin, Room 6-10, 11th Floor, CCT Telecom Building, New Territories, Hong Kong, HKG

Website

https://www.cdw-holding.com.hk

CDW Holding Ltd is engaged in the production of precision components for mobile communication equipment, game box entertainment equipment, consumer and information technology equipment, office equipment, and electrical appliances. The business company operates in various segments that include Liquid Crystal Display (LCD) backlight units, which manufactures backlight units for LCD; Office Automation, which manufactures and trades parts for office equipment and electrical appliances; LCD Parts and Accessories, which manufacture and trade precision accessories for LCD modules; and Others, which includes general trading, food and beverage business, and management and advisory services. The LCD Backlight Units segment generates maximum revenue for the company.