3M Co (NYSE:MMM) Change In Inventory

: $-219 Mil (TTM As of Mar. 2023)

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3M Co's change in inventory for the quarter that ended in Mar. 2023 was $91 Mil. It means 3M Co's inventory declined by $91 Mil from Dec. 2022 to Mar. 2023 .

3M Co's change in inventory for the fiscal year that ended in Dec. 2022 was $-629 Mil. It means 3M Co's inventory increased by $629 Mil from Dec. 2021 to Dec. 2022 .

3M Co's Total Inventories for the quarter that ended in Mar. 2023 was $5,306 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 Mar. 2023 was 105.61.

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 Mar. 2023 was 0.86.

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 Mar. 2023 was 0.66.

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.

* Premium members only.

3M Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

-509.00

370.00

-91.00

-903.00

-629.00

3M Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Inventory																-319.00	-518.00	-181.00	389.00	91.00

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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-219 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
	=	5339	/	4613	*	365 / 4
	=	105.61

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 Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4613	/	5339
	=	0.86

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 Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5339	/	8031
	=	0.66

3M Co Change In Inventory Related Terms

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3M Co (NYSE:MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » 3M Co (NYSE:MMM) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

MMM:Mexico MMM:Germany 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

Suzan Kereere	director	255 FISERV DRIVE, BROOKFIELD WI 53045
Kevin H Rhodes	officer: EVP & Chief Legal Officer	3M COMPANY, 3M CENTER, BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Peter D Gibbons	officer: Group President	2401 UTAH AVENUE SOUTH, SUITE 800, SEATTLE WA 98134
Chavez Rodriguez Beatriz Karina	officer: Senior Vice President	3M COMPANY, 3M CENTER BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Mark W. Murphy	officer: Executive Vice President	ONE ST. JUDE MEDICAL DRIVE, ST. PAUL MN 55117
Zoe L Dickson	officer: Executive Vice President	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
James R Fitterling	director	2211 H.H. DOW WAY, MIDLAND MI 48674
Jeffrey R Lavers	officer: Executive Vice President	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Veena M Lakkundi	officer: Senior Vice President	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Monish D Patolawala	officer: Senior VP and CFO	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Vinita Lee Piper	other: IVM001	712 WILCREST, SUITE 3020, HOUSTON TX 77042
Pamela Craig	director	C/O ACCENTURE, 161 N CLARK STREET, CHICAGO IL 60601
Ty R Silberhorn	officer: Senior Vice President	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Theresa E Reinseth	officer: Vice President/CAO	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Denise R Rutherford	officer: Senior Vice President	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000