Days Inventory is also known as Days Sales of Inventory (DSI). Abbott Laboratories's Average Total Inventories for the
three
months ended in Dec. 2023 was $6,610 Mil. Abbott Laboratories's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $4,556 Mil.
Hence, Abbott Laboratories's Days Inventory for the
three
months ended in Dec. 2023 was 132.39.
The historical rank and industry rank for Abbott Laboratories's Days Inventory or its related term are showing as below:
ABT'
s Days Inventory Range Over the Past 10 Years
Min: 88.76 Med: 107.14 Max: 132.79
Current: 132.79
During the past 13 years, Abbott Laboratories's highest Days Inventory was 132.79. The lowest was 88.76. And the median was 107.14.
ABT's Days Inventory is ranked better than 70.71% of 775
companies
in the Medical Devices & Instruments industry
Industry Median: 186.73
vs ABT: 132.79
Abbott Laboratories's Days Inventory
increased
from Dec. 2022 (118.28) to Dec. 2023 (132.39).
It might indicate that Abbott Laboratories's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Abbott Laboratories's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.69.
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.
Abbott Laboratories's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.65.
Abbott Laboratories Days Inventory Historical Data
The historical data trend for Abbott Laboratories's Days 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.
For the Medical Devices subindustry, Abbott Laboratories's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Abbott Laboratories Days Inventory Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Abbott Laboratories's Days Inventory distribution charts can be found below:
* The bar in red indicates where Abbott Laboratories's Days Inventory falls into.
Abbott Laboratories Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Abbott Laboratories's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Abbott Laboratories (NYSE:ABT) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Abbott Laboratories's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. 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.
Abbott Laboratories's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Abbott Laboratories Days Inventory Related Terms
Thank you for viewing the detailed overview of Abbott Laboratories's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Abbott Laboratories (Abbott Laboratories) Business Description
Abbott manufactures and markets cardiovascular and diabetes devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, continuous glucose monitors, and immunoassays and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.
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