Unit 6 discussion response_MT433
13357For this week’s discussion topic, I chose Apple. They have a wide range of products and are a major part of today’s technology.
From Apple’s 2024 annual report, the company reported a total revenue of $394.33 billion, a cost of revenue of $223.54 billion, total assets amounting to $351.00 billion, and year-end inventory valued at $4.97 billion (Apple Inc, 2024).
Based on the inventory-to-total revenue ratio, inventory represents approximately 1.26% of total revenue. Apple’s low inventory-to-revenue ratio suggests that the company minimizes holding costs while increasing revenue generation. The inventory-to-total assets ratio for Apple is 0.0142, meaning that inventory comprises about 1.42% of the company’s assets. It indicates that Apple’s asset management strategy is strong, since it does not lock up a significant share of assets in inventory. As Apple’s inventory turnover ratio is approximately 45.00, it appears that it sells and replenishes its inventory often. High turnover ratios are an indication that Apple’s products are in high demand and that its inventory management is efficient.
In light of these ratios and Wisner’s supply chain management principles, Apple’s performance indicates that it excels in managing its inventory and assets. This enables Apple to maintain its competitive edge in the market by maintaining robust financial health and operational efficiency.
This assignment will be submitted to Turnitin™.
Please refrain from using AI or Chat GPT. Thank you.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
