CDW Corp (CDW)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 16,396,300 | 16,192,100 | 16,276,800 | 16,481,100 | 16,685,400 | 17,116,100 | 17,697,800 | 18,230,800 | 19,062,100 | 19,366,200 | 18,769,000 | 18,055,000 | 17,252,300 | 16,766,300 | 16,312,100 | 15,667,000 | 15,257,400 | 14,941,500 | 15,101,800 | 15,339,400 |
| Inventory | US$ in thousands | 605,300 | 682,500 | 724,800 | 670,800 | 668,100 | 706,400 | 789,800 | 781,100 | 800,200 | 914,500 | 1,020,100 | 1,054,600 | 927,600 | 844,400 | 888,700 | 745,100 | 760,000 | 648,100 | 694,800 | 672,100 |
| Inventory turnover | 27.09 | 23.72 | 22.46 | 24.57 | 24.97 | 24.23 | 22.41 | 23.34 | 23.82 | 21.18 | 18.40 | 17.12 | 18.60 | 19.86 | 18.36 | 21.03 | 20.08 | 23.05 | 21.74 | 22.82 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $16,396,300K ÷ $605,300K
= 27.09
CDW Corp's inventory turnover has shown some fluctuation over the past several quarters. The inventory turnover ratio, which measures how many times a company's inventory is sold and replaced over a period, was 22.82 as of March 31, 2020.
Subsequently, the ratio experienced some variability, with values ranging from a low of 17.12 on March 31, 2022, to a high of 27.09 on December 31, 2024. Overall, the trend indicates some level of volatility in the company's inventory management efficiency.
A high inventory turnover ratio typically suggests that a company is efficiently managing its inventory and quickly selling its products. Conversely, a low ratio may indicate that a company is overstocked or facing challenges in selling its inventory.
In conclusion, CDW Corp's inventory turnover ratio has varied over the period, and further analysis would be needed to understand the factors driving these fluctuations and the potential implications for the company's operations and financial performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024