CDW Corp (CDW)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 19,927,100 | 20,336,300 | 20,935,500 | 21,432,100 | 22,246,500 | 22,368,400 | 21,532,900 | 20,598,900 | 19,550,800 | 19,040,200 | 18,565,200 | 17,871,000 | 17,500,300 | 17,086,500 | 17,184,000 | 17,378,200 | 16,924,600 | 16,508,700 | 16,022,900 | 15,618,300 |
| Inventory | US$ in thousands | 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 | 611,200 | 603,600 | 652,200 | 590,700 |
| Inventory turnover | 29.83 | 28.79 | 26.51 | 27.44 | 27.80 | 24.46 | 21.11 | 19.53 | 21.08 | 22.55 | 20.89 | 23.98 | 23.03 | 26.36 | 24.73 | 25.86 | 27.69 | 27.35 | 24.57 | 26.44 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $19,927,100K ÷ $668,100K
= 29.83
CDW Corp's inventory turnover has shown a generally increasing trend over the past eight quarters, indicating better efficiency in managing its inventory. In the most recent quarter of Q4 2023, the inventory turnover ratio reached 25.03, reflecting that the company's inventory was sold and replenished 25.03 times during the year. This high turnover rate suggests that CDW Corp is efficiently managing its inventory levels and turning over stock quickly to prevent excess inventory holding costs. Overall, the increasing trend in inventory turnover over the past quarters indicates that CDW Corp is effectively managing its inventory to meet customer demand while controlling costs.
Peer comparison
Dec 31, 2023
Dec 31, 2023