Inventory Turnover snapshot
Apple's inventory turnover was 38.64 in FY2025, compared with 28.87 in FY2024. On a trailing-twelve-month basis it was 34.89 as of Q2 FY26. Inventory turnover is cost of revenue divided by inventory — how many times a company sells through its inventory in a period.
Inventory Turnover (latest FY)
38.64
Inventory Turnover (TTM)
34.89
Apple Inventory Turnover
Cost of revenue ÷ inventory
Apple Inventory Turnover — by fiscal year
| Fiscal year | Inventory turnover |
|---|---|
| FY2025 | 38.64 |
| FY2024 | 28.87 |
| FY2023 | 33.82 |
| FY2022 | 45.20 |
| FY2021 | 32.37 |
| FY2020 | 41.75 |
| FY2019 | 39.40 |
| FY2018 | 41.39 |
| FY2017 | 29.05 |
| FY2016 | 61.62 |
| FY2015 | 59.64 |
| FY2014 | 53.18 |
| FY2013 | 60.43 |
| FY2012 | 111.06 |
| FY2011 | 83.03 |
| FY2010 | 37.62 |
| FY2009 | 56.45 |
| FY2008 | 47.73 |
| FY2007 | — |
| FY2006 | — |
By quarter (trailing-twelve-month basis)
| Quarter | Inventory turnover |
|---|---|
| Q2 FY26 | 34.89 |
| Q1 FY26 | 39.06 |
| Q4 FY25 | 38.64 |
| Q3 FY25 | 36.77 |
| Q2 FY25 | 34.08 |
| Q1 FY25 | 30.63 |
| Q4 FY24 | 28.87 |
| Q3 FY24 | 33.80 |
| Q2 FY24 | 33.32 |
| Q1 FY24 | 32.57 |
| Q4 FY23 | 33.82 |
| Q3 FY23 | 29.54 |
Figures normalized from SEC filings. See the full Apple ratios & metrics.