Watsco (Watsco) Change In Inventory : $-2 Mil (TTM As of Mar. 2024)

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What is Watsco Change In Inventory?

Watsco's change in inventory for the quarter that ended in Mar. 2024 was $-307 Mil. It means Watsco's inventory increased by $307 Mil from Dec. 2023 to Mar. 2024 .

Watsco's change in inventory for the fiscal year that ended in Dec. 2023 was $65 Mil. It means Watsco's inventory declined by $65 Mil from Dec. 2022 to Dec. 2023 .

Watsco's Total Inventories for the quarter that ended in Mar. 2024 was $1,656 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Watsco's Days Inventory for the quarter that ended in Mar. 2024 was 120.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Watsco's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.76.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Watsco's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.96.

Watsco Change In Inventory Historical Data

The historical data trend for Watsco's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Watsco Change In Inventory Chart

Watsco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-15.53

139.93

-243.66

-259.86

64.62

Watsco Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-240.76	-72.88	169.89	208.37	-307.22

Watsco Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2 Mil.

Watsco (NYSE:WSO.B) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Watsco's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1501.462	/	1134.366	*	365 / 4
	=	120.78

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Watsco's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1134.366	/	1501.462
	=	0.76

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Watsco's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1501.462	/	1564.991
	=	0.96

Watsco Change In Inventory Related Terms

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Watsco (Watsco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Watsco Inc (NYSE:WSO.B) » Definitions » Change In Inventory

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WSO:USA WC30:Germany WC3:Germany WC3:Germany

Address

2665 South Bayshore Drive, Suite 901, Miami, FL, USA, 33133

Website

https://www.watsco.com

Watsco is the largest heating, ventilation, air-conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (91% of 2022 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.