Apple Inc (AAPL)
Days of inventory on hand (DOH)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 37.76 | 50.27 | 35.71 | 46.66 | 43.84 | |
| DOH | days | 9.67 | 7.26 | 10.22 | 7.82 | 8.32 |
September 30, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 37.76
= 9.67
The days of inventory on hand (DOH) for Apple Inc have fluctuated over the past five years. In 2023, the DOH increased to 10.79 days from 8.08 days in 2022, indicating that Apple held inventory for a longer period. This could suggest potential inefficiencies in inventory management. However, the DOH was still lower compared to 2019 and 2021, when it was 9.26 days and 11.28 days, respectively.
The increase in DOH from 2022 to 2023 may be attributed to various factors such as changes in demand patterns, supply chain disruptions, or adjustments in production levels. Investors and stakeholders should monitor this metric closely to assess Apple's ability to effectively manage inventory and adapt to market dynamics.
Peer comparison
Sep 30, 2023