Statistics About The Average Days To Sell Inventory

In this post, we explore a myriad of statistics surrounding the average days it takes to sell inventory across various sectors and companies. From retail giants like Amazon and Walmart to tech innovators such as Apple and Google, these figures offer valuable insights into the efficiency and turnover rates within different industries. Dive into the numbers to uncover trends and comparisons that shed light on inventory management practices in the business world.

Statistic 1

"In 2019, the average days it took to sell inventory (days sales of inventory) for companies in the Retail sector was around 53.63."

Statistic 2

"The average days to sell inventory for Amazon in Dec. 2020 was 32.42."

Statistic 3

"The average days to sell inventory for Apple in Sept. 2020 was 8.15."

Statistic 4

"In the Motor Vehicles & Parts sector, the industry average for days to sell inventory in 2020 was 21.95 days."

Statistic 5

"As of 2020, Alibaba Group had an average inventory turnover period of 12 days."

Statistic 6

"Walmart had an average days to sell inventory of 44 in 2020."

Statistic 7

"Tesla’s average days to sell inventory for Dec. 2020 was 17.4."

Statistic 8

"In 2019, the retail industry took approximately 45 days to sell its inventory on average."

Statistic 9

"Google's average days it takes to sell inventory has decreased from 40 days in 2016 to 36 days in 2020."

Statistic 10

"The Average Days to Sell Inventory for Home Depot in Feb. 2021 was 85."

Statistic 11

"Restaurant Brands International had an average days to sell Inventory of 33 in 2020."

Statistic 12

"Coca-Cola's average days to sell inventory was 62.95 in 2020."

Statistic 13

"The average days to sell inventory for food and beverage stores was estimated at around 19.5 days in 2019."

Statistic 14

"Eli Lilly's average days to sell inventory was 218 in 2020."

Statistic 15

"As of 2020, the average days in inventory for pharmaceutical and medicine manufacturing was 52 days in the U.S."

Statistic 16

"The average days to sell inventory for clothing stores were 61.2 in 2019."

Statistic 17

"The inventory turnover ratio for the Wholesale Trade Sector in the U.S in 2019 was 13 times, which translates to an average of 28 days to sell inventory."

Overall, the analysis of average days to sell inventory across various sectors and companies reveals significant variability in efficiency levels. Companies like Apple and Alibaba demonstrate exceptionally quick inventory turnover, while others such as Eli Lilly and Home Depot exhibit longer selling periods. The retail sector as a whole shows a somewhat consistent trend over the years, with noticeable variations seen at both the industry and individual company levels. Understanding these inventory turnover metrics can provide valuable insights into the operational performance and competitive positioning of businesses within different industries.