GITNUX MARKETDATA REPORT 2024

Statistics About The Average Inventory

The average inventory is calculated as the sum of the beginning and ending inventory divided by two.

Last Updated: June 18, 2024

How we write

In this post, we will explore a comprehensive overview of inventory statistics across various industries in the United States. From the average inventory value in the manufacturing sector to inventory turnover ratios for specific industries like retail, electronics, and beverages, we’ll dive into key insights that shed light on the importance of effective inventory management practices. Stay tuned to discover intriguing data points that highlight the significant role of maintaining optimal average inventory levels in today’s dynamic business landscape.

Statistic 1

"Average inventory in the U.S. manufacturing sector equaled $672.17 billion in 2020."

Statistic 2

"In data taken from the Manufacturing and Trade Inventories and Sales report, the January 2021 total inventories/sales ratio was 1.36, which hints at an average inventory turnover."

Statistic 3

"The average inventory performance of companies analyzed in the 2018 Inventory Performance Today report shows an improvement (a decrease) in average DIO by 0.8 percent over the past five years."

Statistic 4

"For the retail industry in the U.S., the average inventory turnover ratio is 13 times per year."

Statistic 5

"Average industrial product companies hold approximately 37 days' worth of inventory, based on their sales pace."

Statistic 6

"For beverage and tobacco product manufacturers, the median inventory turnover is about 9 times per year."

Statistic 7

"According to an Adobe report, businesses with an e-commerce channel typically maintain an average of 70 days of inventory."

Statistic 8

"According to a Supply Chain Digest report from 2020, the electronics industry had the highest average inventory turnover ratio at 18.2."

Statistic 9

"The US Census Bureau reports that the value of manufacturers’ end-of-month inventories averaged $590 billion in 2018."

Statistic 10

"According to a report by IHL Group, retailers lose $634.1 billion each year due to stockouts, which shows the importance of maintaining an adequate average inventory."

Statistic 11

"As per a Zebra Technologies study, 70% of warehouse executives plan to increase investments in technology to improve their inventory management."

Statistic 12

"In 2019, petroleum and coal products manufacturers had an average of 31.723 billion dollars of inventory value."

Statistic 13

"The Bureau of Economic Analysis reported that the inventory-to-sales ratio was 1.39 in the U.S. retail industry in 2020."

Statistic 14

"Businesses in the clothing and clothing accessories stores sector in the United States had an estimated $28.6 billion in end-of-month inventory for April 2021."

Statistic 15

"The average days sales of inventory (DSI) for S&P 500 companies was 91 days in 2019."

The statistics presented highlight the diverse landscape of inventory management across different industries in the U.S. Manufacturing sector inventory values vary significantly, with various sectors exhibiting unique turnover ratios and days worth of inventory. The data underscores the importance of maintaining optimal inventory levels to prevent stockouts and reduce financial losses. The evolving nature of inventory management is evident from reports indicating a shift towards technology investments for improved efficiency. As industries continue to adapt to changing market demands, leveraging data-driven insights will be crucial for optimizing inventory performance and driving sustainable growth.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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