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Apple Inventory Turnover Trend from 2010 to 2020

<div class='circular--portrait' style='background:#000000;color: white;font-size:3em;padding-top: 40px;;'>AAP</div>
AAPL -- USA Stock  

Trending

Apple Inventory Turnover yearly trend continues to be considerably stable with very little volatility. Inventory Turnover may rise above 56.90 this year. During the period from 2010 to 2020, Apple Inventory Turnover yarly data series regression line had median of 58.64 and sample variance of  113.72. Apple Gross Profit is considerably stable at the moment as compared to the last year. The stock current value of Gross Profit is estimated at about 98.39 Billion. Net Income is projected to rize to about 55.3 B this year, although the value of Consolidated Income will most likelly fall to nearly 48 B. Check Apple fundamental indicators over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Direct Expenses of 122.6 B, Consolidated Income of 48 B or Cost of Revenue of 136 B, as well as many exotic indicators such as Long Term Debt to Equity of 0.6252, Calculated Tax Rate of 26.63 or PPandE Turnover of 10.2. This can be a perfect complement to check Apple Valuation or Volatility. It can also complement various Apple Technical models. Please continue to the analysis of Apple Correlation with competitors.

Apple Inventory Turnover Marginal Breakdown

Showing smoothed Inventory Turnover of Apple with missing and latest data points interpolated.
Inventory Turnover10 Years Trend
Decreasing
Slightly volatile
 Inventory Turnover 
    
  Timeline 

Apple Regression Statistics

Arithmetic Mean 52.85
Geometric Mean 51.84
Coefficient Of Variation 20.18
Mean Deviation 9.21
Median 58.64
Standard Deviation 10.66
Sample Variance 113.72
Range 30.40
R-Value(0.71)
Mean Square Error 62.08
R-Squared 0.51
Significance 0.013742
Slope(2.29)
Total Sum of Squares 1,137

Apple Inventory Turnover Over Time

2016  40.13 
2019  40.37 
2020  56.90