3M Co (MMM) Change In Inventory

: $567 Mil (TTM As of Dec. 2023)

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3M Co's change in inventory for the quarter that ended in Dec. 2023 was $331 Mil. It means 3M Co's inventory declined by $331 Mil from Sep. 2023 to Dec. 2023 .

3M Co's change in inventory for the fiscal year that ended in Dec. 2023 was $567 Mil. It means 3M Co's inventory declined by $567 Mil from Dec. 2022 to Dec. 2023 .

3M Co's Total Inventories for the quarter that ended in Dec. 2023 was $4,822 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 96.43.

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 0.95.

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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

370.00

-91.00

-903.00

-629.00

567.00

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																389.00	91.00	10.00	135.00	331.00

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 $567 Mil.

3M Co (NYSE: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
	=	4943.5	/	4678	*	365 / 4
	=	96.43

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
	=	4678	/	4943.5
	=	0.95

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
	=	4943.5	/	8013
	=	0.62

3M Co Change In Inventory Related Terms

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3M Co (MMM) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MMM:Mexico 1MMM:Italy MMMd:UK MMM:Germany MMM:Germany MMM:Germany MMM:Germany MMM:Chile MMM:Switzerland MMMC34:Brazil MMM:Austria MMM:Argentina

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.

Executives

Thomas W Sweet	director	ONE DELL WAY, ROUND ROCK TX 78682
Bryan C Hanson	officer: Group Pres & CEO Health Care	ZIMMER BIOMET HOLDINGS, 345 E. MAIN STREET, WARSAW IN 46580
Audrey Choi	director	3M COMPANY, 3M CENTER, BUILDING 220-9E-02, ST. PAUL MN 55144-1000
Eric D. Hammes	officer: VP, Corp Controller & CAO	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000
Goralski Christian T Jr	officer: Group President	3M COMPANY, 3M CENTER, BUILDING 220-9E-02, ST. PAUL MN 55144-1000
Pedro Pizarro	director	2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770
Anne H Chow	director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Kevin H Rhodes	officer: EVP & Chief Legal Officer	3M COMPANY, 3M CENTER, BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Chavez Rodriguez Beatriz Karina	officer: Senior Vice President	3M COMPANY, 3M CENTER BLDG 220-09-E-02, ST. PAUL MN 55144-1000
John Patrick Banovetz	officer: Sr Vice President	3M CENTER, MAPLEWOOD MN 55144
Zoe L Dickson	officer: Executive Vice President	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Michael G. Vale	officer: Executive Vice President	3M CENTER OFFICE OF GENERAL COUNSEL, ST PAUL MN 551441000
Theresa E Reinseth	officer: Vice President/CAO	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Mojdeh Poul	officer: Executive Vice President	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Michael F Roman	officer: Senior Vice President	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000