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Apple Inventory-to-Revenue

: 0.04 (As of Dec. 2020)
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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. Apple's Total Inventories for the quarter that ended in Dec. 2020 was $4,517 Mil. Apple's Revenue for the three months ended in Dec. 2020 was $111,439 Mil. Apple's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.04.

Apple's Inventory-to-Revenue for the quarter that ended in Dec. 2020 declined from Sep. 2020 (0.06) to Sep. 2020 (0.04)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Apple's Days Inventory for the three months ended in Dec. 2020 was 6.14.

Total Inventories can be measured by Days Sales of Inventory (DSI). Apple's days sales of inventory (DSI) for the three months ended in Dec. 2020 was 3.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Apple's Inventory Turnover for the quarter that ended in Dec. 2020 was 14.86.

Apple Inventory-to-Revenue Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Apple Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Inventory-to-Revenue Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.02 0.02 0.02 0.02

Apple Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Inventory-to-Revenue Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.06 0.06 0.06 0.04
Competitive Comparison
* 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.

Apple Inventory-to-Revenue Distribution

* The bar in red indicates where Apple's Inventory-to-Revenue falls into.


Apple Inventory-to-Revenue Calculation

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.

Apple's Inventory-to-Revenue for the fiscal year that ended in Sep. 2020 is calculated as

Inventory-to-Revenue (A: Sep. 2020 )
=Total Inventories / Revenue
=( (Total Inventories (A: Sep. 2019 ) + Total Inventories (A: Sep. 2020 )) / count ) / Revenue (A: Sep. 2020 )
=( (4106 + 4061) / 2 ) / 274515
=4083.5 / 274515
=0.01

Apple's Inventory-to-Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue (Q: Dec. 2020 )
=Total Inventories / Revenue
=( (Total Inventories (Q: Sep. 2020 ) + Total Inventories (Q: Dec. 2020 )) / count ) / Revenue (Q: Dec. 2020 )
=( (4061 + 4973) / 2 ) / 111439
=4517 / 111439
=0.04

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Apple  (NAS:AAPL) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Apple's Days Inventory for the three months ended in Dec. 2020 is calculated as:

Days Inventory=Total Inventories (Q: Dec. 2020 )/Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=4517/67111*365 / 4
=6.14

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

Apple's Days Sales of Inventory for the three months ended in Dec. 2020 is

Days Sales of Inventory (DSI)=Total Inventories (Q: Dec. 2020 )/Revenue (Q: Dec. 2020 )*Days in Period
=4517/111439*365 / 4
=3.70

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

Apple's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2020 ) / Total Inventories (Q: Dec. 2020 )
=67111 / 4517
=14.86

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Apple Inventory-to-Revenue Related Terms

Apple Inventory-to-Revenue Headlines

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