Cardinal Health (FRA:CLH) Days Inventory : 29.38 (As of Dec. 2023)

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What is Cardinal Health Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cardinal Health's Average Total Inventories for the three months ended in Dec. 2023 was €16,418 Mil. Cardinal Health's Cost of Goods Sold for the three months ended in Dec. 2023 was €50,984 Mil. Hence, Cardinal Health's Days Inventory for the three months ended in Dec. 2023 was 29.38.

The historical rank and industry rank for Cardinal Health's Days Inventory or its related term are showing as below:

FRA:CLH' s Days Inventory Range Over the Past 10 Years
Min: 29.09 Med: 32.55 Max: 35.34
Current: 29.79

During the past 13 years, Cardinal Health's highest Days Inventory was 35.34. The lowest was 29.09. And the median was 32.55.

FRA:CLH's Days Inventory is ranked better than
77.66% of 94 companies
in the Medical Distribution industry
Industry Median: 62.15 vs FRA:CLH: 29.79

Cardinal Health's Days Inventory declined from Dec. 2022 (31.39) to Dec. 2023 (29.38).

Inventory Turnover measures how fast the company turns over its inventory within a year. Cardinal Health's Inventory Turnover for the three months ended in Dec. 2023 was 3.11.

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. Cardinal Health's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.31.

Cardinal Health Days Inventory Historical Data

The historical data trend for Cardinal Health's Days 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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Cardinal Health Days Inventory Chart

Cardinal Health Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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32.54

32.46

33.66

29.69

29.44

Cardinal Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															31.39	31.92	28.95	28.14	29.38

Competitive Comparison of Cardinal Health's Days Inventory

For the Medical Distribution subindustry, Cardinal Health's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cardinal Health's Days Inventory Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Cardinal Health's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cardinal Health's Days Inventory falls into.

Cardinal Health Days Inventory Calculation

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

Cardinal Health's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (14791.656	+	14712.62)	/	2 )	/	182867.529	*	365
=	14752.138					/	182867.529	*	365
=	29.44

Cardinal Health's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15916.819	+	16919.567)	/	2 )	/	50984.283	*	365 / 4
=	16418.193					/	50984.283	*	365 / 4
=	29.38

Cardinal Health (FRA:CLH) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Cardinal Health's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	50984.283	/	16418.193
	=	3.11

2. 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.

Cardinal Health's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16418.193	/	52677.065
	=	0.31

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.

Cardinal Health Days Inventory Related Terms

Thank you for viewing the detailed overview of Cardinal Health's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Cardinal Health (FRA:CLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Cardinal Health Inc (FRA:CLH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CAH:USA CAH:Mexico C1AH34:Brazil CAH:Argentina

Address

7000 Cardinal Place, Dublin, OH, USA, 43017

Website

https://www.cardinalhealth.com

Cardinal Health is one of three leading pharmaceutical wholesalers in the U.S., engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and McKesson, the three comprise well over 90% of the U.S. pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.