CVS Health (WBO:CVS) Change In Inventory : €1,141 Mil (TTM As of Dec. 2023)

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What is CVS Health Change In Inventory?

CVS Health's change in inventory for the quarter that ended in Dec. 2023 was €-66 Mil. It means CVS Health's inventory increased by €66 Mil from Sep. 2023 to Dec. 2023 .

CVS Health's change in inventory for the fiscal year that ended in Dec. 2023 was €1,131 Mil. It means CVS Health's inventory declined by €1,131 Mil from Dec. 2022 to Dec. 2023 .

CVS Health's Total Inventories for the quarter that ended in Dec. 2023 was €16,529 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CVS Health's Days Inventory for the quarter that ended in Dec. 2023 was 20.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. CVS Health's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.40.

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. CVS Health's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

CVS Health Change In Inventory Historical Data

The historical data trend for CVS Health'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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CVS Health Change In Inventory Chart

CVS Health Annual Data

Trend

Dec14

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Dec23

Change In Inventory

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-967.50

-799.81

650.48

-1,354.64

1,130.66

CVS Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-962.88	773.35	897.16	-463.82	-66.02

CVS Health 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 quarterly data reported by the company within the most recent 12 months, which was €1,141 Mil.

CVS Health (WBO:CVS) Change In Inventory Explanation

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

CVS Health's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	16675.9115	/	73302.229	*	365 / 4
	=	20.76

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	73302.229	/	16675.9115
	=	4.40

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16675.9115	/	86026.521
	=	0.19

CVS Health Change In Inventory Related Terms

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CVS Health (WBO:CVS) Business Description

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Address

One CVS Drive, Woonsocket, RI, USA, 02895

Website

https://www.cvshealth.com

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.