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. Sandoz Group AG's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,412 Mil. Sandoz Group AG's Revenue for the
three
months ended in Dec. 2023 was $9,979 Mil.
Sandoz Group AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.
Sandoz Group AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023
increased
from Dec. 2022 (0.23) to Dec. 2022 (0.24)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sandoz Group AG's Days Inventory for the
three
months ended in Dec. 2023 was 40.65.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Sandoz Group AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.25.
Sandoz Group AG Inventory-to-Revenue Historical Data
The historical data trend for Sandoz Group AG's Inventory-to-Revenue 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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Sandoz Group AG Inventory-to-Revenue Chart
Sandoz Group AG Annual Data
Trend
Dec22
Dec23
Inventory-to-Revenue
0.23
0.24
Sandoz Group AG Quarterly Data
Dec22
Dec23
Inventory-to-Revenue
0.23
0.24
Competitive Comparison of Sandoz Group AG's Inventory-to-Revenue
For the Drug Manufacturers - Specialty & Generic subindustry, Sandoz Group AG's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Sandoz Group AG's Inventory-to-Revenue Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Sandoz Group AG's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Sandoz Group AG's Inventory-to-Revenue falls into.
Sandoz Group AG Inventory-to-Revenue Calculation
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.
Sandoz Group AG's Inventory-to-Revenue 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.
Sandoz Group AG (OTCPK:SDZNY) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sandoz Group AG's Days Inventory 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.
Sandoz Group AG Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Sandoz Group AG's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Sandoz Group AG (Sandoz Group AG) Business Description
Sandoz is one of the largest generic pharmaceutical manufacturers in the world, generating over $9 billion annually from off-patent drugs. Once part of Novartis, Sandoz spun off and went public in October 2023. Generics, including small molecules and complex injectables, make up roughly 75% of Sandoz's total sales, and the firm has a significant presence in Europe, the United States, and other key international markets. Sandoz generates its remaining sales from biosimilars and is among leaders in the space. Sandoz launched Europe's first biosimilar, Omnitrope, in 2006 as well as U.S.'s first biosimilar, Zarxio, in 2015. It currently has eight commercialized biosimilars in a number of markets and has over 20 assets in pipeline.
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