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Days Inventory is also known as Days Sales of Inventory (DSI). Illinois Tool Works's Average Total Inventories for the three months ended in Mar. 2024 was $1,766 Mil. Illinois Tool Works's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,145 Mil. Hence, Illinois Tool Works's Days Inventory for the three months ended in Mar. 2024 was 75.13.
The historical rank and industry rank for Illinois Tool Works's Days Inventory or its related term are showing as below:
During the past 13 years, Illinois Tool Works's highest Days Inventory was 74.06. The lowest was 49.89. And the median was 54.58.
Illinois Tool Works's Days Inventory declined from Mar. 2023 (79.01) to Mar. 2024 (75.13).
Inventory Turnover measures how fast the company turns over its inventory within a year. Illinois Tool Works's Inventory Turnover for the three months ended in Mar. 2024 was 1.21.
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. Illinois Tool Works's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.44.
The historical data trend for Illinois Tool Works's Days 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.
Illinois Tool Works Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial |
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55.33 | 58.23 | 61.98 | 72.54 | 73.68 |
Illinois Tool Works Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Days Inventory | Get a 7-Day Free Trial |
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79.01 | 76.32 | 73.19 | 69.19 | 75.13 |
For the Specialty Industrial Machinery subindustry, Illinois Tool Works's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Industrial Products industry and Industrials sector, Illinois Tool Works's Days Inventory distribution charts can be found below:
* The bar in red indicates where Illinois Tool Works's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Illinois Tool Works's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
Days Inventory (A: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2023 ) | * | Days in Period |
= | ( (2054 | + | 1707) | / | 2 ) | / | 9316 | * | 365 |
= | 1880.5 | / | 9316 | * | 365 | ||||
= | 73.68 |
Illinois Tool Works's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:
Days Inventory (Q: Mar. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | ( (1707 | + | 1825) | / | 2 ) | / | 2145 | * | 365 / 4 |
= | 1766 | / | 2145 | * | 365 / 4 | ||||
= | 75.13 |
* 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.
Illinois Tool Works (NYSE:ITW) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Illinois Tool Works's Inventory Turnover for the three months ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 2145 | / | 1766 | |
= | 1.21 |
2. 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.
Illinois Tool Works's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 1766 | / | 3973 | |
= | 0.44 |
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Thank you for viewing the detailed overview of Illinois Tool Works's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Smith David Byron Jr | director | 155 HARLEM AVE., GLENVIEW IL 60025 |
Randall J Scheuneman | officer: VP & Chief Accounting Officer | 155 HARLEM AVE., GLENVIEW IL 60025 |
Christopher A O'herlihy | officer: Executive Vice President | 155 HARLEM AVE., GLENVIEW IL 60025 |
Ernest Scott Santi | director, officer: President & CEO | ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025 |
Michael M Larsen | officer: SVP & CFO | ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025 |
Kelly J Grier | director | 155 HARLEM AVE., GLENVIEW IL 60025 |
Lei Zhang Schlitz | officer: Executive Vice President | 5757 N. GREENBAY AVENUE, GLENDALE WI 53129 |
Patricia A. Hartzell | officer: Executive Vice President | 155 HARLEM AVE., GLENVIEW IL 60025 |
Javier Gracia Carbonell | officer: Executive Vice President | 155 HARLEM AVE., GLENVIEW IL 60025 |
Mary Katherine Lawler | officer: SVP & Chief HR Officer | ILLINOIS TOOL WORKS INC., 155 HARLEM AVE, GLENVIEW IL 60025 |
Jay L Henderson | director | 50 SOUTH LASALLE ST, CHICAGO IL 60603 |
Jennifer Kaplan Schott | officer: SVP, General Counsel & Secy. | 155 HARLEM AVE., GLENVIEW IL 60025 |
Darrell L Ford | director | 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328 |
Finch Norman D. Jr. | officer: Sr. VP, General Counsel & Secy | C/O ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025 |
Michael R. Zimmerman | officer: Executive Vice President | 155 HARLEM AVE., GLENVIEW IL 60025 |
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