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Apple AAPL Inventory turnover

Inventory turnover at other companies

HP logo
HPHPQ
5.3×-0.2×
Microsoft logo
MicrosoftMSFT
97.6×+20.0×
Qualcomm logo
QualcommQCOM
-0.1×
Amazon logo
AmazonAMZN
10.1×+0.3×
Alphabet Inc. logo
Alphabet Inc.GOOG
42.9×-13.0×
Nike logo
NikeNKE
41.8×-16.7×

Other financials

Income statement

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Revenue$111.18B+16.6%
Gross profit$54.8B+22.1%
Operating income$35.9B+21.3%
Net income$29.6B+19.4%
EPS (diluted)$2.01+21.8%

Balance sheet

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Cash & equivalents$45.6B+61.8%
Total debt$82.7B-10.3%
Total equity$106.49B+59.4%
Total assets$371.08B+12.0%

Cash flow

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Operating cash flow$28.7B+19.8%
CapEx$2.0B-35.8%
Free cash flow$26.7B+28.0%

Valuation

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Market cap$4.35T+11.7%
Enterprise value$4.38T+10.6%
P/E35.5×-4.5×
P/S9.6×-0.1×

Profitability

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Gross margin47.9%+1.2pp
Operating margin32.6%+0.8pp
Net margin27.2%+2.9pp

Returns & leverage

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Return on equity141.5%+3.5pp
Debt / equity0.8×-0.6×
Current ratio1.1×+0.2×

Where this comes from

Calculated from Apple’s reported figures.

Based on trailing twelve months.

The official record: Apple’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apple's inventory turnover?
Apple (AAPL) reported inventory turnover of 36.2× in Q1 2026.
How has Apple's inventory turnover changed year-over-year?
Apple's inventory turnover increased by 5.8% year-over-year, from 34.2× to 36.2×.
What is the long-term trend for Apple's inventory turnover?
Over 4 years (2021 to 2025), Apple's inventory turnover has grown at a -5.5% compound annual growth rate (CAGR), from 170.2× to 135.8×.
What does inventory turnover mean?
How many times a year the company sells through and restocks its inventory.
How do you interpret inventory turnover?
Higher turnover ties up less cash in stock and reduces obsolescence risk, but too high can signal stock-outs and lost sales. Read against peers and the company's own history.
How does inventory turnover compare across companies?
Only meaningful for businesses that carry inventory; automatically null for asset-light and financial firms with no inventory line.