Globus Medical (MEX:GMED) Change In Inventory : MXN-973 Mil (TTM As of Mar. 2024)

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What is Globus Medical Change In Inventory?

Globus Medical's change in inventory for the quarter that ended in Mar. 2024 was MXN-149 Mil. It means Globus Medical's inventory increased by MXN149 Mil from Dec. 2023 to Mar. 2024 .

Globus Medical's change in inventory for the fiscal year that ended in Dec. 2023 was MXN-1,194 Mil. It means Globus Medical's inventory increased by MXN1,194 Mil from Dec. 2022 to Dec. 2023 .

Globus Medical's Total Inventories for the quarter that ended in Mar. 2024 was MXN13,546 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Globus Medical's Days Inventory for the quarter that ended in Mar. 2024 was 318.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Globus Medical's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.29.

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. Globus Medical's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.39.

Globus Medical Change In Inventory Historical Data

The historical data trend for Globus Medical's Change In 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.

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Globus Medical Change In Inventory Chart

Globus Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-943.34

-996.81

-245.57

-1,203.78

-1,193.77

Globus Medical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-405.02	-277.53	-353.95	-192.66	-149.13

Globus Medical Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-973 Mil.

Globus Medical (MEX:GMED) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Globus Medical's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	13971.1255	/	4007.78	*	365 / 4
	=	318.10

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Globus Medical's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4007.78	/	13971.1255
	=	0.29

3. 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.

Globus Medical's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13971.1255	/	10068.384
	=	1.39

Globus Medical Change In Inventory Related Terms

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Globus Medical (MEX:GMED) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Globus Medical Inc (MEX:GMED) » Definitions » Change In Inventory

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GMED:USA GM0N:Germany

Address

2560 General Armistead Avenue, Audubon, PA, USA, 19403

Website

https://www.globusmedical.com

Globus Medical Inc is a medical device company that develops and provides healthcare products and solutions to hospitals, physicians, and surgical centers. The firm's products are organized into two categories: musculoskeletal solutions, which include medical devices and instruments used mostly for spinal and orthopedic procedures, and enabling technologies, which include advanced computer systems developed for enhancing surgical capabilities. The vast majority of the company's revenue is generated from musculoskeletal solutions products, and more than half of the revenue is earned in the United States.