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Compare the number of inventory days of Home Depot, Inc. and Lowe's Companies, Inc. for the fiscal year 2023: Company Home Depot, Inc. Lowe's Companies,
Compare the number of inventory days of Home Depot, Inc. and Lowe's Companies, Inc. for the fiscal year 2023:
Company | Home Depot, Inc. | Lowe's Companies, Inc. |
Cost of Goods Sold | $15 billion | $12 billion |
Average Inventory | $3 billion | $2.5 billion |
Inventory Days |
Question:
Calculate the number of inventory days for both Home Depot, Inc. and Lowe's Companies, Inc. Which company has a shorter inventory cycle?
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