Medtronic (BUE:MDT) Days Payable : 48.10 (As of Jan. 2024)

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What is Medtronic Days Payable?

Medtronic's average Accounts Payable for the three months ended in Jan. 2024 was ARS1,185,666 Mil. Medtronic's Cost of Goods Sold for the three months ended in Jan. 2024 was ARS2,249,108 Mil. Hence, Medtronic's Days Payable for the three months ended in Jan. 2024 was 48.10.

The historical rank and industry rank for Medtronic's Days Payable or its related term are showing as below:

BUE:MDT' s Days Payable Range Over the Past 10 Years
Min: 59.93 Med: 69.72 Max: 84.07
Current: 73.82

During the past 13 years, Medtronic's highest Days Payable was 84.07. The lowest was 59.93. And the median was 69.72.

BUE:MDT's Days Payable is ranked better than
50.13% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs BUE:MDT: 73.82

Medtronic's Days Payable declined from Jan. 2023 (68.55) to Jan. 2024 (48.10). It may suggest that Medtronic accelerated paying its suppliers.

Medtronic Days Payable Historical Data

The historical data trend for Medtronic's Days Payable 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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Medtronic Days Payable Chart

Medtronic Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

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54.01

64.05

61.06

72.24

84.07

Medtronic Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															68.55	74.60	70.71	63.06	48.10

Competitive Comparison of Medtronic's Days Payable

For the Medical Devices subindustry, Medtronic's Days Payable, along with its competitors' market caps and Days Payable 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's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medtronic's Days Payable distribution charts can be found below:

* The bar in red indicates where Medtronic's Days Payable falls into.

Medtronic Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Medtronic's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (252909.127	+	295801.448)	/	2 )	/	1191095.314	*	365
=	274355.2875					/	1191095.314	*	365
=	84.07

Medtronic's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (760899.989	+	1610432.368)	/	2 )	/	2249107.855	*	365 / 4
=	1185666.1785					/	2249107.855	*	365 / 4
=	48.10

Medtronic Days Payable Related Terms

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Medtronic (BUE:MDT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medtronic PLC (BUE:MDT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MDT:USA MDTN:Mexico 1MDT:Italy 2M6:Germany 2M6:Germany 2M6:Germany 2M6:Germany MDTC34:Brazil MDT:Austria

Address

Lower Hatch Street, 20 On Hatch, Dublin, IRL, 2

Website

https://www.medtronic.com

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 roughly 50% of the company's total sales.