Days Inventory is also known as Days Sales of Inventory (DSI). CVS Health's Average Total Inventories for the
three
months ended in Dec. 2023 was R$88,494 Mil. CVS Health's Cost of Goods Sold for the
three
months ended in Dec. 2023 was R$391,675 Mil.
Hence, CVS Health's Days Inventory for the
three
months ended in Dec. 2023 was 20.62.
The historical rank and industry rank for CVS Health's Days Inventory or its related term are showing as below:
BSP:CVSH34'
s Days Inventory Range Over the Past 10 Years
Min: 21.81 Med: 32.51 Max: 37.33
Current: 21.81
During the past 13 years, CVS Health's highest Days Inventory was 37.33. The lowest was 21.81. And the median was 32.51.
BSP:CVSH34's Days Inventory is ranked better than 66.67% of 6
companies
in the Healthcare Plans industry
Industry Median: 29.02
vs BSP:CVSH34: 21.81
CVS Health's Days Inventory
declined
from Dec. 2022 (24.21) to Dec. 2023 (20.62).
Inventory Turnover measures how fast the company turns over its inventory within a year.
CVS Health's Inventory Turnover for the
three
months ended in Dec. 2023 was 4.43.
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.
CVS Health's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.19.
CVS Health Days Inventory Historical Data
The historical data trend for CVS Health'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.
Competitive Comparison of CVS Health's Days Inventory
For the Healthcare Plans subindustry, CVS Health'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.
CVS Health's Days Inventory Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, CVS Health's Days Inventory distribution charts can be found below:
* The bar in red indicates where CVS Health's Days Inventory falls into.
CVS Health Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
CVS Health's Days Inventory for the fiscal year that ended in Dec. 2023 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.
CVS Health (BSP:CVSH34) 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.
CVS Health's Inventory Turnover for the
three
months ended in Dec. 2023 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.
CVS Health's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
CVS Health Days Inventory Related Terms
Thank you for viewing the detailed overview of CVS Health's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.
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