Days Inventory is also known as Days Sales of Inventory (DSI). Medtronic's Average Total Inventories for the
three
months ended in Apr. 2022 was $4,565 Mil. Medtronic's Cost of Goods Sold for the
three
months ended in Apr. 2022 was $2,591 Mil.
Hence, Medtronic's Days Inventory for the
three
months ended in Apr. 2022 was 160.77.
The historical rank and industry rank for Medtronic's Days Inventory or its related term are showing as below:
MDT'
s Days Inventory Range Over the Past 10 Years
Min: 133.74 Med: 147.44 Max: 160.63
Current: 158.88
During the past 13 years, Medtronic's highest Days Inventory was 160.63. The lowest was 133.74. And the median was 147.44.
MDT's Days Inventory is ranked better than 50.73% of 749
companies
in the Medical Devices & Instruments industry
Industry Median: 160.48
vs MDT: 158.88
Medtronic's Days Inventory
increased
from Apr. 2021 (151.70) to Apr. 2022 (160.77).
It might indicate that Medtronic's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Medtronic's Inventory Turnover for the
three
months ended in Apr. 2022 was 0.57.
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.
Medtronic's Inventory-to-Revenue for the
three
months ended in Apr. 2022 was 0.56.
Medtronic Days Inventory Historical Data
The historical data trend for Medtronic'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.
* Premium members only.
Medtronic Annual Data
Trend
Apr13
Apr14
Apr15
Apr16
Apr17
Apr18
Apr19
Apr20
Apr21
Apr22
Days Inventory
139.22
146.16
154.58
148.71
160.63
Medtronic Quarterly Data
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Days Inventory
151.70
151.05
157.81
164.45
160.77
Competitive Comparison
For the Medical Devices subindustry, Medtronic'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.
Medtronic Days Inventory Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Medtronic's Days Inventory distribution charts can be found below:
* The bar in red indicates where Medtronic's Days Inventory falls into.
Medtronic Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Medtronic's Days Inventory for the fiscal year that ended in Apr. 2022 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.
Medtronic (NYSE:MDT) 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.
Medtronic's Inventory Turnover for the
three
months ended in Apr. 2022 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.
Medtronic's Inventory to Revenue for the
three
months ended in Apr. 2022 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.
Medtronic Days Inventory Related Terms
Thank you for viewing the detailed overview of Medtronic's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
One of the largest medical device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools. The company markets its products to healthcare institutions and physicians in the United States and overseas. Foreign sales account for almost 50% of the company's total sales.
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