3M Co (FRA:MMM) Change In Inventory : €524 Mil (TTM As of Dec. 2023)

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What is 3M Co Change In Inventory?

3M Co's change in inventory for the quarter that ended in Dec. 2023 was €304 Mil. It means 3M Co's inventory declined by €304 Mil from Sep. 2023 to Dec. 2023 .

3M Co's change in inventory for the fiscal year that ended in Dec. 2023 was €520 Mil. It means 3M Co's inventory declined by €520 Mil from Dec. 2022 to Dec. 2023 .

3M Co's Total Inventories for the quarter that ended in Dec. 2023 was €4,422 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 3M Co's Days Inventory for the quarter that ended in Dec. 2023 was 97.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. 3M Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.94.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. 3M Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.62.

3M Co Change In Inventory Historical Data

The historical data trend for 3M Co's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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3M Co Change In Inventory Chart

3M Co Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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333.00

-74.80

-799.16

-593.78

519.94

3M Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															367.22	84.99	9.23	126.50	303.53

3M Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €524 Mil.

3M Co (FRA:MMM) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

3M Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4583.8395	/	4289.726	*	365 / 4
	=	97.51

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

3M Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4289.726	/	4583.8395
	=	0.94

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

3M Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4583.8395	/	7347.921
	=	0.62

3M Co Change In Inventory Related Terms

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3M Co (FRA:MMM) Business Description

Industry

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Address

3M Center, St. Paul, MN, USA, 55144

Website

https://www.3m.com

3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.