Days Inventory is also known as Days Sales of Inventory (DSI). Baxter International's Average Total Inventories for the
three
months ended in Dec. 2023 was $2,849 Mil. Baxter International's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2,413 Mil.
Hence, Baxter International's Days Inventory for the
three
months ended in Dec. 2023 was 107.72.
The historical rank and industry rank for Baxter International's Days Inventory or its related term are showing as below:
BAX'
s Days Inventory Range Over the Past 10 Years
Min: 86.77 Med: 95.57 Max: 150.92
Current: 104.65
During the past 13 years, Baxter International's highest Days Inventory was 150.92. The lowest was 86.77. And the median was 95.57.
BAX's Days Inventory is ranked better than 81.6% of 777
companies
in the Medical Devices & Instruments industry
Industry Median: 187.06
vs BAX: 104.65
Baxter International's Days Inventory
increased
from Dec. 2022 (103.64) to Dec. 2023 (107.72).
It might indicate that Baxter International's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Baxter International's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.85.
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.
Baxter International's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.73.
Baxter International Days Inventory Historical Data
The historical data trend for Baxter International'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.
For the Medical Instruments & Supplies subindustry, Baxter International'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.
Baxter International Days Inventory Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Baxter International's Days Inventory distribution charts can be found below:
* The bar in red indicates where Baxter International's Days Inventory falls into.
Baxter International Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Baxter International's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Baxter International (NYSE:BAX) 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.
Baxter International's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Baxter International's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Baxter International Days Inventory Related Terms
Thank you for viewing the detailed overview of Baxter International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Baxter International (Baxter International) Business Description
Baxter offers a variety of medical instruments and supplies to caregivers. It enhanced its portfolio of hospital-focused offerings by acquiring Hillrom in late 2021, which added basic equipment, including hospital beds, to the portfolio, although about half of Hillrom's revenue comes from more digitally connected offerings like its smart beds and Voalte medical communications app. From its legacy operations, Baxter offers tools to help patients with acute and chronic kidney failure, which it plans to spin off by mid-2024. It also sells a variety of injectable therapies for use in care settings, such as IV pumps, administrative sets, and solutions; nutritional products; and surgical sealants and hemostatic agents.
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