Stock Analysis on Net

Western Digital Corp. (NASDAQ:WDC)

This company has been moved to the archive! The financial data has not been updated since February 12, 2024.

Analysis of Short-term (Operating) Activity Ratios 
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

Western Digital Corp., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Dec 29, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 30, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Jan 1, 2021 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Jan 3, 2020 Oct 4, 2019 Jun 28, 2019 Mar 29, 2019 Dec 28, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 29, 2017 Sep 29, 2017
Turnover Ratios
Inventory turnover 3.20 2.95 2.82 2.75 3.08 3.18 3.55 3.60 3.57 3.60 3.43 3.33 3.46 3.78 4.22 4.18 4.11 3.87 3.90 3.75 3.77 4.18 4.40
Receivables turnover 7.39 7.81 7.71 8.91 8.27 7.22 6.70 8.15 6.91 7.38 7.50 8.55 8.91 7.92 7.03 8.13 8.70 10.76 13.76 14.76 11.31 9.24 9.40
Payables turnover 6.84 7.98 8.07 8.37 9.74 7.29 6.79 7.18 6.45 6.73 6.41 6.78 6.38 6.51 6.66 7.23 7.40 7.39 8.18 8.19 6.70 6.27 5.71
Working capital turnover 3.58 6.35 5.02 4.40 3.94 4.26 4.46 4.01 4.11 3.51 3.46 3.60 3.56 3.63 3.61 3.94 3.76 3.70 3.56 3.85 3.60 3.31 3.34
Average No. Days
Average inventory processing period 114 124 129 133 119 115 103 101 102 101 106 110 105 96 86 87 89 94 93 97 97 87 83
Add: Average receivable collection period 49 47 47 41 44 51 54 45 53 49 49 43 41 46 52 45 42 34 27 25 32 40 39
Operating cycle 163 171 176 174 163 166 157 146 155 150 155 153 146 142 138 132 131 128 120 122 129 127 122
Less: Average payables payment period 53 46 45 44 37 50 54 51 57 54 57 54 57 56 55 50 49 49 45 45 54 58 64
Cash conversion cycle 110 125 131 130 126 116 103 95 98 96 98 99 89 86 83 82 82 79 75 77 75 69 58

Based on: 10-Q (reporting date: 2023-12-29), 10-Q (reporting date: 2023-09-29), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-30), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-K (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-Q (reporting date: 2021-01-01), 10-Q (reporting date: 2020-10-02), 10-K (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-Q (reporting date: 2020-01-03), 10-Q (reporting date: 2019-10-04), 10-K (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29), 10-Q (reporting date: 2018-12-28), 10-Q (reporting date: 2018-09-28), 10-K (reporting date: 2018-06-29), 10-Q (reporting date: 2018-03-30), 10-Q (reporting date: 2017-12-29), 10-Q (reporting date: 2017-09-29).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Western Digital Corp. inventory turnover ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. Western Digital Corp. receivables turnover ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Western Digital Corp. payables turnover ratio decreased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Western Digital Corp. working capital turnover ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Western Digital Corp. number of days of inventory outstanding improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Western Digital Corp. operating cycle improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Western Digital Corp. number of days of payables outstanding increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Western Digital Corp. cash conversion cycle improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Inventory Turnover

Western Digital Corp., inventory turnover calculation (quarterly data)

Microsoft Excel
Dec 29, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 30, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Jan 1, 2021 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Jan 3, 2020 Oct 4, 2019 Jun 28, 2019 Mar 29, 2019 Dec 28, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 29, 2017 Sep 29, 2017
Selected Financial Data (US$ in millions)
Cost of revenue 2,540 2,651 2,580 2,517 2,579 2,755 3,083 3,200 3,250 3,386 3,354 3,046 2,983 3,018 3,204 3,170 3,299 3,282 3,169 3,095 3,189 3,364 3,265 3,086 3,323 3,268
Inventories 3,216 3,497 3,698 3,979 3,773 3,862 3,638 3,661 3,647 3,544 3,616 3,683 3,576 3,355 3,070 3,091 3,122 3,287 3,283 3,440 3,427 3,119 2,944 2,670 2,281 2,302
Short-term Activity Ratio
Inventory turnover1 3.20 2.95 2.82 2.75 3.08 3.18 3.55 3.60 3.57 3.60 3.43 3.33 3.46 3.78 4.22 4.18 4.11 3.87 3.90 3.75 3.77 4.18 4.40
Benchmarks
Inventory Turnover, Competitors2
Apple Inc. 33.32 32.57 33.82 29.54 29.24 32.36 45.20 40.43 40.07 36.69 32.37 39.55 37.48 36.21 41.75 42.55 49.75 40.54 39.40
Arista Networks Inc. 1.23 1.11 1.15 1.16 1.12 1.15 1.32 1.36 1.53 1.65 1.64 1.74 1.75 1.85 1.74 1.82 2.49 3.19 3.55
Cisco Systems Inc. 6.38 6.30 5.83 6.01 6.45 7.41 7.52 8.52 9.19 10.06 11.50 11.15 11.98 13.25 13.74 14.85 13.73 14.14 13.91
Super Micro Computer Inc. 3.14 2.97 4.04 3.49 3.84 2.88 2.84 2.50 2.58 2.77 2.90 3.18 3.39 3.59 3.30 3.19 3.91 4.12 4.48

Based on: 10-Q (reporting date: 2023-12-29), 10-Q (reporting date: 2023-09-29), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-30), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-K (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-Q (reporting date: 2021-01-01), 10-Q (reporting date: 2020-10-02), 10-K (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-Q (reporting date: 2020-01-03), 10-Q (reporting date: 2019-10-04), 10-K (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29), 10-Q (reporting date: 2018-12-28), 10-Q (reporting date: 2018-09-28), 10-K (reporting date: 2018-06-29), 10-Q (reporting date: 2018-03-30), 10-Q (reporting date: 2017-12-29), 10-Q (reporting date: 2017-09-29).

1 Q2 2024 Calculation
Inventory turnover = (Cost of revenueQ2 2024 + Cost of revenueQ1 2024 + Cost of revenueQ4 2023 + Cost of revenueQ3 2023) ÷ Inventories
= (2,540 + 2,651 + 2,580 + 2,517) ÷ 3,216 = 3.20

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Western Digital Corp. inventory turnover ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Receivables Turnover

Western Digital Corp., receivables turnover calculation (quarterly data)

Microsoft Excel
Dec 29, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 30, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Jan 1, 2021 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Jan 3, 2020 Oct 4, 2019 Jun 28, 2019 Mar 29, 2019 Dec 28, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 29, 2017 Sep 29, 2017
Selected Financial Data (US$ in millions)
Revenue, net 3,032 2,750 2,672 2,803 3,107 3,736 4,528 4,381 4,833 5,051 4,920 4,137 3,943 3,922 4,287 4,175 4,234 4,040 3,634 3,674 4,233 5,028 5,117 5,013 5,336 5,181
Accounts receivable, net 1,523 1,451 1,598 1,591 1,905 2,422 2,804 2,353 2,743 2,446 2,257 1,905 1,833 2,097 2,379 1,978 1,791 1,448 1,204 1,223 1,715 2,219 2,197 2,011 2,052 2,101
Short-term Activity Ratio
Receivables turnover1 7.39 7.81 7.71 8.91 8.27 7.22 6.70 8.15 6.91 7.38 7.50 8.55 8.91 7.92 7.03 8.13 8.70 10.76 13.76 14.76 11.31 9.24 9.40
Benchmarks
Receivables Turnover, Competitors2
Apple Inc. 17.48 16.63 12.99 19.64 21.47 16.32 13.99 17.77 18.55 12.52 13.92 19.87 17.59 10.85 17.03 15.31 17.04 12.77 11.35
Arista Networks Inc. 5.14 5.58 5.72 6.71 6.75 5.63 4.75 6.03 5.98 4.87 5.71 7.01 7.22 6.47 5.95 7.40 5.92 6.64 6.15
Cisco Systems Inc. 11.72 12.01 9.74 10.76 10.15 9.61 7.79 8.92 8.59 9.57 8.64 11.04 11.15 12.08 9.01 11.07 11.91 10.66 9.45
Super Micro Computer Inc. 6.16 8.74 6.20 9.78 8.65 8.17 6.23 6.81 8.38 8.36 7.67 8.31 10.10 10.23 8.27 9.90 9.07 9.35 8.89

Based on: 10-Q (reporting date: 2023-12-29), 10-Q (reporting date: 2023-09-29), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-30), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-K (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-Q (reporting date: 2021-01-01), 10-Q (reporting date: 2020-10-02), 10-K (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-Q (reporting date: 2020-01-03), 10-Q (reporting date: 2019-10-04), 10-K (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29), 10-Q (reporting date: 2018-12-28), 10-Q (reporting date: 2018-09-28), 10-K (reporting date: 2018-06-29), 10-Q (reporting date: 2018-03-30), 10-Q (reporting date: 2017-12-29), 10-Q (reporting date: 2017-09-29).

1 Q2 2024 Calculation
Receivables turnover = (Revenue, netQ2 2024 + Revenue, netQ1 2024 + Revenue, netQ4 2023 + Revenue, netQ3 2023) ÷ Accounts receivable, net
= (3,032 + 2,750 + 2,672 + 2,803) ÷ 1,523 = 7.39

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Western Digital Corp. receivables turnover ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024.

Payables Turnover

Western Digital Corp., payables turnover calculation (quarterly data)

Microsoft Excel
Dec 29, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 30, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Jan 1, 2021 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Jan 3, 2020 Oct 4, 2019 Jun 28, 2019 Mar 29, 2019 Dec 28, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 29, 2017 Sep 29, 2017
Selected Financial Data (US$ in millions)
Cost of revenue 2,540 2,651 2,580 2,517 2,579 2,755 3,083 3,200 3,250 3,386 3,354 3,046 2,983 3,018 3,204 3,170 3,299 3,282 3,169 3,095 3,189 3,364 3,265 3,086 3,323 3,268
Accounts payable 1,504 1,294 1,293 1,307 1,193 1,686 1,902 1,836 2,022 1,896 1,934 1,807 1,939 1,949 1,945 1,786 1,736 1,724 1,567 1,577 1,925 2,081 2,265 2,134 1,921 2,066
Short-term Activity Ratio
Payables turnover1 6.84 7.98 8.07 8.37 9.74 7.29 6.79 7.18 6.45 6.73 6.41 6.78 6.38 6.51 6.66 7.23 7.40 7.39 8.18 8.19 6.70 6.27 5.71
Benchmarks
Payables Turnover, Competitors2
Apple Inc. 4.54 3.65 3.42 4.65 5.10 3.81 3.49 4.54 4.15 2.90 3.89 5.07 4.88 2.82 4.01 4.79 5.12 3.68 3.50
Arista Networks Inc. 7.63 10.09 5.13 8.16 5.95 5.84 7.33 5.39 4.74 5.61 5.27 7.39 6.54 6.52 6.23 4.89 6.63 9.86 9.41
Cisco Systems Inc. 11.08 10.11 9.19 8.55 8.69 8.53 8.47 8.31 9.00 8.15 7.59 7.22 9.22 7.53 7.94 7.52 9.60 9.43 9.34
Super Micro Computer Inc. 6.13 5.63 7.52 8.38 9.76 6.38 6.71 5.09 5.18 5.82 4.94 6.18 6.91 8.33 6.74 5.97 7.02 8.51 8.34

Based on: 10-Q (reporting date: 2023-12-29), 10-Q (reporting date: 2023-09-29), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-30), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-K (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-Q (reporting date: 2021-01-01), 10-Q (reporting date: 2020-10-02), 10-K (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-Q (reporting date: 2020-01-03), 10-Q (reporting date: 2019-10-04), 10-K (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29), 10-Q (reporting date: 2018-12-28), 10-Q (reporting date: 2018-09-28), 10-K (reporting date: 2018-06-29), 10-Q (reporting date: 2018-03-30), 10-Q (reporting date: 2017-12-29), 10-Q (reporting date: 2017-09-29).

1 Q2 2024 Calculation
Payables turnover = (Cost of revenueQ2 2024 + Cost of revenueQ1 2024 + Cost of revenueQ4 2023 + Cost of revenueQ3 2023) ÷ Accounts payable
= (2,540 + 2,651 + 2,580 + 2,517) ÷ 1,504 = 6.84

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Western Digital Corp. payables turnover ratio decreased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Working Capital Turnover

Western Digital Corp., working capital turnover calculation (quarterly data)

Microsoft Excel
Dec 29, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 30, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Jan 1, 2021 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Jan 3, 2020 Oct 4, 2019 Jun 28, 2019 Mar 29, 2019 Dec 28, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 29, 2017 Sep 29, 2017
Selected Financial Data (US$ in millions)
Current assets 7,838 7,577 7,886 8,483 8,381 9,071 9,453 9,178 9,535 9,856 9,757 9,032 9,109 9,005 9,048 8,553 8,627 8,500 8,477 8,902 9,742 10,571 10,638 10,164 11,113 11,820
Less: Current liabilities 4,693 5,792 5,434 5,261 4,382 4,966 5,237 4,397 4,929 4,709 4,870 4,501 4,526 4,429 4,406 4,471 4,482 4,288 3,817 4,212 4,350 4,385 4,456 4,259 4,353 4,469
Working capital 3,145 1,785 2,452 3,222 3,999 4,105 4,216 4,781 4,606 5,147 4,887 4,531 4,583 4,576 4,642 4,082 4,145 4,212 4,660 4,690 5,392 6,186 6,182 5,905 6,760 7,351
 
Revenue, net 3,032 2,750 2,672 2,803 3,107 3,736 4,528 4,381 4,833 5,051 4,920 4,137 3,943 3,922 4,287 4,175 4,234 4,040 3,634 3,674 4,233 5,028 5,117 5,013 5,336 5,181
Short-term Activity Ratio
Working capital turnover1 3.58 6.35 5.02 4.40 3.94 4.26 4.46 4.01 4.11 3.51 3.46 3.60 3.56 3.63 3.61 3.94 3.76 3.70 3.56 3.85 3.60 3.31 3.34
Benchmarks
Working Capital Turnover, Competitors2
Apple Inc. 83.07 39.69 67.80 39.10 52.06 21.58 13.62 7.16 6.12 5.62 4.38 4.56
Arista Networks Inc. 0.82 0.85 0.90 0.96 1.01 1.04 1.03 1.04 1.01 0.85 0.80 0.76 0.76 0.77 0.76 0.74 0.77 0.85 0.84
Cisco Systems Inc. 5.08 4.60 4.73 4.89 4.72 4.65 4.65 4.36 4.74 3.54 3.88 3.82 2.89 3.00 2.70 3.29 2.87 3.04 3.24
Super Micro Computer Inc. 3.25 3.76 3.95 4.05 3.84 3.94 3.89 3.91 3.81 4.09 3.96 3.95 3.74 3.71 3.77 3.82 3.85 4.00 4.29

Based on: 10-Q (reporting date: 2023-12-29), 10-Q (reporting date: 2023-09-29), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-30), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-K (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-Q (reporting date: 2021-01-01), 10-Q (reporting date: 2020-10-02), 10-K (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-Q (reporting date: 2020-01-03), 10-Q (reporting date: 2019-10-04), 10-K (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29), 10-Q (reporting date: 2018-12-28), 10-Q (reporting date: 2018-09-28), 10-K (reporting date: 2018-06-29), 10-Q (reporting date: 2018-03-30), 10-Q (reporting date: 2017-12-29), 10-Q (reporting date: 2017-09-29).

1 Q2 2024 Calculation
Working capital turnover = (Revenue, netQ2 2024 + Revenue, netQ1 2024 + Revenue, netQ4 2023 + Revenue, netQ3 2023) ÷ Working capital
= (3,032 + 2,750 + 2,672 + 2,803) ÷ 3,145 = 3.58

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Western Digital Corp. working capital turnover ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024.

Average Inventory Processing Period

Western Digital Corp., average inventory processing period calculation (quarterly data)

Microsoft Excel
Dec 29, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 30, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Jan 1, 2021 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Jan 3, 2020 Oct 4, 2019 Jun 28, 2019 Mar 29, 2019 Dec 28, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 29, 2017 Sep 29, 2017
Selected Financial Data
Inventory turnover 3.20 2.95 2.82 2.75 3.08 3.18 3.55 3.60 3.57 3.60 3.43 3.33 3.46 3.78 4.22 4.18 4.11 3.87 3.90 3.75 3.77 4.18 4.40
Short-term Activity Ratio (no. days)
Average inventory processing period1 114 124 129 133 119 115 103 101 102 101 106 110 105 96 86 87 89 94 93 97 97 87 83
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Apple Inc. 11 11 11 12 12 11 8 9 9 10 11 9 10 10 9 9 7 9 9
Arista Networks Inc. 298 328 318 315 325 318 276 268 239 221 222 210 209 197 210 200 147 114 103
Cisco Systems Inc. 57 58 63 61 57 49 49 43 40 36 32 33 30 28 27 25 27 26 26
Super Micro Computer Inc. 116 123 90 105 95 127 128 146 141 132 126 115 108 102 110 114 93 89 81

Based on: 10-Q (reporting date: 2023-12-29), 10-Q (reporting date: 2023-09-29), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-30), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-K (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-Q (reporting date: 2021-01-01), 10-Q (reporting date: 2020-10-02), 10-K (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-Q (reporting date: 2020-01-03), 10-Q (reporting date: 2019-10-04), 10-K (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29), 10-Q (reporting date: 2018-12-28), 10-Q (reporting date: 2018-09-28), 10-K (reporting date: 2018-06-29), 10-Q (reporting date: 2018-03-30), 10-Q (reporting date: 2017-12-29), 10-Q (reporting date: 2017-09-29).

1 Q2 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.20 = 114

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Western Digital Corp. number of days of inventory outstanding improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Average Receivable Collection Period

Western Digital Corp., average receivable collection period calculation (quarterly data)

Microsoft Excel
Dec 29, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 30, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Jan 1, 2021 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Jan 3, 2020 Oct 4, 2019 Jun 28, 2019 Mar 29, 2019 Dec 28, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 29, 2017 Sep 29, 2017
Selected Financial Data
Receivables turnover 7.39 7.81 7.71 8.91 8.27 7.22 6.70 8.15 6.91 7.38 7.50 8.55 8.91 7.92 7.03 8.13 8.70 10.76 13.76 14.76 11.31 9.24 9.40
Short-term Activity Ratio (no. days)
Average receivable collection period1 49 47 47 41 44 51 54 45 53 49 49 43 41 46 52 45 42 34 27 25 32 40 39
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Apple Inc. 21 22 28 19 17 22 26 21 20 29 26 18 21 34 21 24 21 29 32
Arista Networks Inc. 71 65 64 54 54 65 77 61 61 75 64 52 51 56 61 49 62 55 59
Cisco Systems Inc. 31 30 37 34 36 38 47 41 43 38 42 33 33 30 41 33 31 34 39
Super Micro Computer Inc. 59 42 59 37 42 45 59 54 44 44 48 44 36 36 44 37 40 39 41

Based on: 10-Q (reporting date: 2023-12-29), 10-Q (reporting date: 2023-09-29), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-30), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-K (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-Q (reporting date: 2021-01-01), 10-Q (reporting date: 2020-10-02), 10-K (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-Q (reporting date: 2020-01-03), 10-Q (reporting date: 2019-10-04), 10-K (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29), 10-Q (reporting date: 2018-12-28), 10-Q (reporting date: 2018-09-28), 10-K (reporting date: 2018-06-29), 10-Q (reporting date: 2018-03-30), 10-Q (reporting date: 2017-12-29), 10-Q (reporting date: 2017-09-29).

1 Q2 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 7.39 = 49

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.

Operating Cycle

Western Digital Corp., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Dec 29, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 30, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Jan 1, 2021 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Jan 3, 2020 Oct 4, 2019 Jun 28, 2019 Mar 29, 2019 Dec 28, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 29, 2017 Sep 29, 2017
Selected Financial Data
Average inventory processing period 114 124 129 133 119 115 103 101 102 101 106 110 105 96 86 87 89 94 93 97 97 87 83
Average receivable collection period 49 47 47 41 44 51 54 45 53 49 49 43 41 46 52 45 42 34 27 25 32 40 39
Short-term Activity Ratio
Operating cycle1 163 171 176 174 163 166 157 146 155 150 155 153 146 142 138 132 131 128 120 122 129 127 122
Benchmarks
Operating Cycle, Competitors2
Apple Inc. 32 33 39 31 29 33 34 30 29 39 37 27 31 44 30 33 28 38 41
Arista Networks Inc. 369 393 382 369 379 383 353 329 300 296 286 262 260 253 271 249 209 169 162
Cisco Systems Inc. 88 88 100 95 93 87 96 84 83 74 74 66 63 58 68 58 58 60 65
Super Micro Computer Inc. 175 165 149 142 137 172 187 200 185 176 174 159 144 138 154 151 133 128 122

Based on: 10-Q (reporting date: 2023-12-29), 10-Q (reporting date: 2023-09-29), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-30), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-K (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-Q (reporting date: 2021-01-01), 10-Q (reporting date: 2020-10-02), 10-K (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-Q (reporting date: 2020-01-03), 10-Q (reporting date: 2019-10-04), 10-K (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29), 10-Q (reporting date: 2018-12-28), 10-Q (reporting date: 2018-09-28), 10-K (reporting date: 2018-06-29), 10-Q (reporting date: 2018-03-30), 10-Q (reporting date: 2017-12-29), 10-Q (reporting date: 2017-09-29).

1 Q2 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 114 + 49 = 163

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Western Digital Corp. operating cycle improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Average Payables Payment Period

Western Digital Corp., average payables payment period calculation (quarterly data)

Microsoft Excel
Dec 29, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 30, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Jan 1, 2021 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Jan 3, 2020 Oct 4, 2019 Jun 28, 2019 Mar 29, 2019 Dec 28, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 29, 2017 Sep 29, 2017
Selected Financial Data
Payables turnover 6.84 7.98 8.07 8.37 9.74 7.29 6.79 7.18 6.45 6.73 6.41 6.78 6.38 6.51 6.66 7.23 7.40 7.39 8.18 8.19 6.70 6.27 5.71
Short-term Activity Ratio (no. days)
Average payables payment period1 53 46 45 44 37 50 54 51 57 54 57 54 57 56 55 50 49 49 45 45 54 58 64
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Apple Inc. 80 100 107 79 72 96 105 80 88 126 94 72 75 129 91 76 71 99 104
Arista Networks Inc. 48 36 71 45 61 62 50 68 77 65 69 49 56 56 59 75 55 37 39
Cisco Systems Inc. 33 36 40 43 42 43 43 44 41 45 48 51 40 48 46 49 38 39 39
Super Micro Computer Inc. 60 65 49 44 37 57 54 72 70 63 74 59 53 44 54 61 52 43 44

Based on: 10-Q (reporting date: 2023-12-29), 10-Q (reporting date: 2023-09-29), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-30), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-K (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-Q (reporting date: 2021-01-01), 10-Q (reporting date: 2020-10-02), 10-K (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-Q (reporting date: 2020-01-03), 10-Q (reporting date: 2019-10-04), 10-K (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29), 10-Q (reporting date: 2018-12-28), 10-Q (reporting date: 2018-09-28), 10-K (reporting date: 2018-06-29), 10-Q (reporting date: 2018-03-30), 10-Q (reporting date: 2017-12-29), 10-Q (reporting date: 2017-09-29).

1 Q2 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 6.84 = 53

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Western Digital Corp. number of days of payables outstanding increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Cash Conversion Cycle

Western Digital Corp., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Dec 29, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 30, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Jan 1, 2021 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Jan 3, 2020 Oct 4, 2019 Jun 28, 2019 Mar 29, 2019 Dec 28, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 29, 2017 Sep 29, 2017
Selected Financial Data
Average inventory processing period 114 124 129 133 119 115 103 101 102 101 106 110 105 96 86 87 89 94 93 97 97 87 83
Average receivable collection period 49 47 47 41 44 51 54 45 53 49 49 43 41 46 52 45 42 34 27 25 32 40 39
Average payables payment period 53 46 45 44 37 50 54 51 57 54 57 54 57 56 55 50 49 49 45 45 54 58 64
Short-term Activity Ratio
Cash conversion cycle1 110 125 131 130 126 116 103 95 98 96 98 99 89 86 83 82 82 79 75 77 75 69 58
Benchmarks
Cash Conversion Cycle, Competitors2
Apple Inc. -48 -67 -68 -48 -43 -63 -71 -50 -59 -87 -57 -45 -44 -85 -61 -43 -43 -61 -63
Arista Networks Inc. 321 357 311 324 318 321 303 261 223 231 217 213 204 197 212 174 154 132 123
Cisco Systems Inc. 55 52 60 52 51 44 53 40 42 29 26 15 23 10 22 9 20 21 26
Super Micro Computer Inc. 115 100 100 98 100 115 133 128 115 113 100 100 91 94 100 90 81 85 78

Based on: 10-Q (reporting date: 2023-12-29), 10-Q (reporting date: 2023-09-29), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-30), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-K (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-Q (reporting date: 2021-01-01), 10-Q (reporting date: 2020-10-02), 10-K (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-Q (reporting date: 2020-01-03), 10-Q (reporting date: 2019-10-04), 10-K (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29), 10-Q (reporting date: 2018-12-28), 10-Q (reporting date: 2018-09-28), 10-K (reporting date: 2018-06-29), 10-Q (reporting date: 2018-03-30), 10-Q (reporting date: 2017-12-29), 10-Q (reporting date: 2017-09-29).

1 Q2 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 114 + 4953 = 110

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Western Digital Corp. cash conversion cycle improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.