Stryker (Stryker) Total Inventories

: $4,843 Mil (As of Dec. 2023)

View and export this data going back to 1988. Start your Free Trial

Stryker's total inventories for the quarter that ended in Dec. 2023 was $4,843 Mil. Stryker's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $4,863 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Stryker's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-34.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stryker's Days Inventory for the three months ended in Dec. 2023 was 210.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Stryker's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.43.

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. Stryker's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.84.

Stryker Total Inventories Historical Data

The historical data trend for Stryker's Total Inventories 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.

* Premium members only.

Stryker Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

2,980.00

3,494.00

3,314.00

3,995.00

4,843.00

Stryker Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																3,995.00	4,333.00	4,593.00	4,883.00	4,843.00

Stryker Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Stryker (NYSE:SYK) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Stryker's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3053	+	0.75 * 3765	+	0.5 * 4843	-	21319
-	0	-	0)	/	380.1
=	-34.26

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

Stryker's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	4863	/	2112	*	365 / 4
	=	210.11

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	2112	/	4863
	=	0.43

4. 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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4863	/	5815
	=	0.84

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Stryker Total Inventories Related Terms

Thank you for viewing the detailed overview of Stryker's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Stryker (Stryker) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Stryker Corp (NYSE:SYK) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

SYK:Mexico 1SYK:Italy SYK:Germany SYK:Germany S1YK34:Brazil SYK:Austria

Address

2825 Airview Boulevard, Kalamazoo, MI, USA, 49002

Website

https://www.stryker.com

Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. The product portfolio includes hip and knee replacements, endoscopy systems, operating room equipment, embolic coils, hospital beds and gurneys, and spinal devices. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Just over one fourth of Stryker's total revenue currently comes from outside the United States.

Executives

Srikant Datar	director	ICF INTERNATIONAL, INC., 9300 LEE HIGHWAY, FAIRFAX VA 22031
Berry William E Jr	officer: Vice President, Controller	2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Kevin Lobo	officer: Group Pres., Neurotech & Spine	STRYKER, 2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Viju Menon	officer: Group President	2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Allan C. Golston	director	2825 AIRVIEW BLVD., KALAMAZOO MI 49002
Ronda E Stryker	director	2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Robert S Fletcher	officer: VP, Chief Legal Officer	2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
James Andrew Pierce	officer: Group President	2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Glenn S Boehnlein	officer: Vice President, CFO	2825 AIRVIEW BLVD, KALAMAZOO MI 49002
M Kathryn Fink	officer: VP, Global Human Resources	2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Spencer S Stiles	officer: Group President	2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Giovanni Caforio	director	BRISTOL-MYERS SQUIBB COMPANY, ROUTE 206 & PROVINCELINE ROAD, LAWRENCEVILLE NJ 08543
Timothy J Scannell	officer: Group President	2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Roch Doliveux	director	2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Katherine Ann Owen	officer: VP	2825 AIRVIEW BLVD., KALAMAZOO MI 49002