Apple Inc (AAPL)

Days of inventory on hand (DOH)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Inventory turnover		32.45	37.76	50.27	35.71	46.66
DOH	days	11.25	9.67	7.26	10.22	7.82

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 32.45
= 11.25

The days of inventory on hand (DOH) for Apple Inc have shown some fluctuations over the past five years. In Sep 30, 2024, the company had 11.25 days of inventory on hand, which was higher compared to the previous year at 9.67 days in Sep 30, 2023. This increase may suggest that Apple Inc had a higher level of inventory relative to its sales during that period.

However, looking back at Sep 30, 2022, the DOH was at 7.26 days, which indicates that the company was managing its inventory more efficiently, possibly due to better inventory management practices or stronger sales relative to inventory levels.

In Sep 30, 2021, the DOH increased to 10.22 days from 7.26 days in the previous year, implying that Apple Inc may have faced challenges in managing its inventory levels effectively during that period.

Lastly, in Sep 30, 2020, the DOH was at 7.82 days, indicating a slightly higher level of inventory on hand compared to the previous year.

Overall, fluctuations in the days of inventory on hand for Apple Inc over the past five years suggest varying levels of inventory management efficiency and operational performance within the company.