February 9, 2022
Sales
After adjusting for seasonal variations and trading day variances but not for pricing adjustments, December 2021 merchant wholesaler sales were $634.6 billion, up 0.2% (±0.4%)* from the revised November level and up 21.8% (±1.9%) from the revised December 2020 level. The percent change from October 2021 to November 2021 was updated from a preliminary estimate of up 1.3% (±0.5%) to up 1.7% (±0.5%).
Inventories
Total merchant wholesaler inventories, excluding manufacturers’ sales branches and offices, were $790.8 billion at the end of December, up 2.2% (±0.4%) from the revised November figure, after adjusting for seasonal variations and trading day differences but not for price adjustments. Total inventories increased by 18.5% (±1.6%) compared to the revised December 2020 level. The percent change from November 2021 to December 2021 was updated from an earlier estimate of up 2.1% (±0.4%) to up 2.2% (±0.4%).
Inventories/Sales Ratio
Based on seasonally adjusted data, the December inventories/sales ratio for merchant wholesalers, excluding manufacturers’ sales branches and offices, was 1.25. The ratio in December 2020 was 1.28.
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.