ConvaTec Group (LSE:CTEC) Change In Inventory : £-39 Mil (TTM As of Dec. 2023)

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What is ConvaTec Group Change In Inventory?

ConvaTec Group's change in inventory for the quarter that ended in Dec. 2023 was £11 Mil. It means ConvaTec Group's inventory declined by £11 Mil from Jun. 2023 to Dec. 2023 .

ConvaTec Group's change in inventory for the fiscal year that ended in Dec. 2023 was £-39 Mil. It means ConvaTec Group's inventory increased by £39 Mil from Dec. 2022 to Dec. 2023 .

ConvaTec Group's Total Inventories for the quarter that ended in Dec. 2023 was £313 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ConvaTec Group's Days Inventory for the quarter that ended in Dec. 2023 was 153.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. ConvaTec Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.19.

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. ConvaTec Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

ConvaTec Group Change In Inventory Historical Data

The historical data trend for ConvaTec Group'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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ConvaTec Group Change In Inventory Chart

ConvaTec Group Annual Data

Trend

Dec14

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Dec23

Change In Inventory

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15.57

-3.94

-14.74

-29.80

-39.03

ConvaTec Group Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial														-19.93	-17.54	-12.07	-50.29	11.14

ConvaTec Group 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 semi-annually data reported by the company within the most recent 12 months, which was £-39 Mil.

ConvaTec Group (LSE:CTEC) Change In Inventory Explanation

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

ConvaTec Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	317.8295	/	378.173	*	365 / 2
	=	153.38

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	378.173	/	317.8295
	=	1.19

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	317.8295	/	858.651
	=	0.37

ConvaTec Group Change In Inventory Related Terms

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ConvaTec Group (LSE:CTEC) Business Description

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CNVVF:USA CNVVY:USA CTECl:UK

Address

23 Forbury Road, 3 Forbury Place, Reading, GBR, RG1 3JH

Website

https://www.convatecgroup.com

Originally spun out of Bristol-Myers Squibb, Convatec designs, manufactures, and markets advanced wound care, ostomy, continence care, and infusion sets for the acute-care hospital and chronic-care home settings. Advanced wound care and continence care are the largest divisions, accounting for 30% and 26% of total revenue, respectively. Ostomy contributes 25% of revenue and infusion sets 19%.