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Medtronic Days Inventory

: 160.77 (As of Apr. 2022)
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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
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

Days Inventory (A: Apr. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Apr. 2021 ) + Total Inventories (A: Apr. 2022 )) / count ) / Cost of Goods Sold (A: Apr. 2022 )*Days in Period
=( (4313 + 4616) / 2 ) / 10145*365
=4464.5 / 10145*365
=160.63

Medtronic's Days Inventory for the quarter that ended in Apr. 2022 is calculated as:

Days Inventory (Q: Apr. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jan. 2022 ) + Total Inventories (Q: Apr. 2022 )) / count ) / Cost of Goods Sold (Q: Apr. 2022 )*Days in Period
=( (4514 + 4616) / 2 ) / 2591*365 / 4
=4565 / 2591*365 / 4
=160.77

* 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.


Medtronic Business Description

Medtronic logo
Address
Lower Hatch Street, 20 On Hatch, Dublin, IRL, 2
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.
Executives
Fong Ivan K officer: EVP GENERAL COUNSEL & SECR 3M CENTER ST. PAUL MN 55144-1000
Kirk Jennifer M officer: Chief Accounting Officer 5 GREENWAY PLAZA SUITE 110 HOUSTON TX 77046
Lofton Kevin E director GILEAD SCIENCES, INC. 333 LAKESIDE DRIVE FOSTER CITY CA 94404
Wall Brett A. officer: EVP & Group Pres Restora Thera 710 MEDTRONIC PARKWAY LC300 MINNEAPOLIS MN 55432
Salmon Sean officer: EVP & Group President Diabetes MEDTRONIC PLC, 710 MEDTRONIC PARKWAY LC300 MINNEAPOLIS MN 55432
Goldsmith Andrea Jo director 1220 AUGUSTA DRIVE SUITE 600 HOUSTON TX 77057
Liddicoat John R officer: EVP & President of Americas MEDTRONIC PLC 710 MEDTRONIC PKWY, MS LC300 MINNEAPOLIS MN 55432
White Robert John officer: EVP & President MITG MEDTRONIC PLC 710 MEDTRONIC PKWY MS LC300 MINNEAPOLIS MN 55432
Parkhill Karen L officer: EVP & Chief Financial Officer 1717 MAIN STREET, MC 6402 DALLAS TX 75201
Reddy Preetha director APOLLO HOSPITALS 21 GREAMS LN, OFF GREAMS RD CHENNAI K7 600006
Ellis Gary Lee officer: EVP & Chief Financial Officer THE TORO COMPANY 8111 LYNDALE AVENUE SOUTH BLOOMINGTON MN 55420
Hanson Bryan C officer: EVP AND PRESIDENT, COVIDIEN ZIMMER BIOMET HOLDINGS 345 E. MAIN STREET WARSAW IN 46580
Hakami Hooman officer: EVP & Group President Diabetes 710 MEDTRONIC PKWY MSLC300 MINNEAPOLIS MN 55432
Oconnell Christopher J officer: See Remarks MEDTRONIC, INC. 710 MEDTRONIC PKWY MINNEAPOLIS MN 55432
Lenehan James T director C/O MEDTRONIC INC 710 MEDTRONIC PKWY MS LC300 MINNEAPOLIS MN 55432

Medtronic Headlines

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