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Medtronic PLC (NYSE:MDT)
Days Inventory
142.32 (As of Jul. 2016)

Medtronic PLC's average inventory for the three months ended in Jul. 2016 was $3,527 Mil. Medtronic PLC's cost of goods sold for the three months ended in Jul. 2016 was $2,261 Mil. Hence, Medtronic PLC's days inventory for the three months ended in Jul. 2016 was 142.32.

MDT' s Days Inventory Range Over the Past 10 Years
Min: 132.14   Max: 164.01
Current: 143.11

132.14
164.01

During the past 13 years, Medtronic PLC's highest Days Inventory was 164.01. The lowest was 132.14. And the median was 142.57.

MDT's Days Inventory is ranked lower than
53% of the 289 Companies
in the Global Medical Devices industry.

( Industry Median: 134.83 vs. MDT: 143.11 )

Medtronic PLC's days inventory increased from Jul. 2015 (127.57) to Jul. 2016 (142.32). It might indicate that Medtronic PLC's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Medtronic PLC's days sales of inventory (DSI) for the three months ended in Jul. 2016 was 44.91.

Inventory turnover measures how fast the company turns over its inventory within a year. Medtronic PLC's inventory turnover for the three months ended in Jul. 2016 was 0.64.

Inventory to revenue ratio 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. Medtronic PLC's inventory to revenue ratio for the three months ended in Jul. 2016 was 0.49.


Definition

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

Medtronic PLC's Days Inventory for the fiscal year that ended in Apr. 2016 is calculated as

Days Inventory (A: Apr. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Apr. 2015 ) + Inventory (A: Apr. 2016 )) / 2 ) / COGS (A: Apr. 2016 )*Days in Period
=( (3463 + 3473) / 2 ) / 9142*365
=3468 / 9142*365
=138.46

Medtronic PLC's Days Inventory for the quarter that ended in Jul. 2016 is calculated as:

Days Inventory (Q: Jul. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Apr. 2016 ) + Inventory (Q: Jul. 2016 )) / 2 ) / COGS (Q: Jul. 2016 )*Days in Period
=( (3473 + 3580) / 2 ) / 2261*365 / 4
=3526.5 / 2261*365 / 4
=142.32

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Medtronic PLC's Days Sales of Inventory for the three months ended in Jul. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=3526.5/7166*365 / 4
=44.91

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

Medtronic PLC's Inventory Turnover for the three months ended in Jul. 2016 is calculated as

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.

Medtronic PLC's Inventory to Revenue for the three months ended in Jul. 2016 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Medtronic PLC Annual Data

Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16
DaysInventory 137.80132.14140.38139.17156.65164.01155.34144.76150.07138.46

Medtronic PLC Quarterly Data

Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16
DaysInventory 147.03148.18151.6083.01127.57144.70150.28135.33142.32143.13
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