Medtronic's average Accounts Payable for the
three
months ended in Apr. 2022 was $2,131 Mil. Medtronic's Cost of Goods Sold for the
three
months ended in Apr. 2022 was $2,591 Mil.
Hence, Medtronic's Days Payable for the
three
months ended in Apr. 2022 was 75.03.
The historical rank and industry rank for Medtronic's Days Payable or its related term are showing as below:
MDT'
s Days Payable Range Over the Past 10 Years
Min: 55.11 Med: 67.15 Max: 78.83
Current: 73.02
During the past 13 years, Medtronic's highest Days Payable was 78.83. The lowest was 55.11. And the median was 67.15.
MDT's Days Payable is ranked better than 52.75% of 764
companies
in the Medical Devices & Instruments industry
Industry Median: 67.85
vs MDT: 73.02
Medtronic's Days Payable
increased
from Apr. 2021 (67.45) to Apr. 2022 (75.03).
It may suggest that Medtronic delayed 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.
* Premium members only.
Medtronic Annual Data
Trend
Apr13
Apr14
Apr15
Apr16
Apr17
Apr18
Apr19
Apr20
Apr21
Apr22
Days Payable
64.07
71.39
76.47
71.41
78.83
Medtronic Quarterly Data
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Days Payable
67.45
69.72
69.09
72.40
75.03
Competitive Comparison
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 Days Payable Distribution
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. 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 Days Payable Related Terms
Thank you for viewing the detailed overview of Medtronic's Days Payable 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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