Apple Inc (AAPL)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 35.47 | 36.78 | 32.12 | 31.79 | 36.06 | 50.27 | 44.90 | 44.41 | 40.57 | 35.71 | 43.66 | 41.45 | 40.30 | 46.66 | 47.47 | 55.49 | 45.10 | 43.84 | 52.02 | 34.68 | |
| DOH | days | 10.29 | 9.92 | 11.36 | 11.48 | 10.12 | 7.26 | 8.13 | 8.22 | 9.00 | 10.22 | 8.36 | 8.81 | 9.06 | 7.82 | 7.69 | 6.58 | 8.09 | 8.32 | 7.02 | 10.52 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 35.47
= 10.29
The days of inventory on hand (DOH) for Apple Inc has shown fluctuations over the past few quarters, ranging from a low of 6.58 days to a high of 11.48 days. A lower DOH indicates that Apple is effectively managing its inventory and quickly converting it into sales, which can be seen in the third quarter of 2020 with a DOH of 6.58 days. On the other hand, a higher DOH, such as in the second quarter of 2023 with 11.48 days, suggests potential inventory management challenges or excess inventory that may lead to increased holding costs or obsolescence risk.
It is important for Apple to strike a balance in managing its inventory levels to avoid stockouts while minimizing carrying costs. By monitoring and analyzing the DOH metric over time, Apple can optimize its inventory levels to support operational efficiency and profitability.
Peer comparison
Dec 31, 2023
See also:
Apple Inc Average Inventory Processing Period (Quarterly Data)