3M Co (MEX:MMM) Inventory Turnover: 0.97 (As of Mar. 2026)


MEX:MMM 3M Co MEX:MMM
63 GF Score
Price MXN2,859.00
GF Value MXN2,473.30
Valuation Modestly Overvalued
! 6 Warning Signs
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What is 3M Co Inventory Turnover?

3M Co MEX:MMM 63 Inventory Turnover is 0.97 as of Mar. 2026. GuruFocus rates MEX:MMM with a GF Score™ of 63/100 and a GF Value™ of MXN2,473.30 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. 3M Co's Cost of Goods Sold for the three months ended in Mar. 2026 was MXN64,449 Mil. 3M Co's Average Total Inventories for the quarter that ended in Mar. 2026 was MXN66,230 Mil. 3M Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 3M Co's Days Inventory for the three months ended in Mar. 2026 was 93.77.

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. 3M Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.61.

3M Co  (MEX:MMM) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

3M Co's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=66229.7655/64448.87*365 / 4
=93.77

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.

3M Co's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=66229.7655 / 108737.181
=0.61

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

3M Co Inventory Turnover Related Terms

3M Co Inventory Turnover Historical Data

* Premium members only.

The historical data trend for 3M Co's Inventory Turnover 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.

3M Co Inventory Turnover Chart

3M Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.13 2.99 2.96 4.18 3.77

3M Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 0.88 0.94 1.07 0.97
MEX:MMM
63GF Score
3M Co MEX:MMM
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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3M Co Inventory Turnover Calculation

3M Co's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=269923.449 / ((77124.379 + 65918.868) / 2 )
=269923.449 / 71521.6235
=3.77

3M Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=64448.87 / ((65918.868 + 66540.663) / 2 )
=64448.87 / 66229.7655
=0.97

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.97 mean?
3M Co (MEX:MMM) has a Inventory Turnover of 0.97 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on 3M Co and its competitors.
Is 3M Co's Inventory Turnover too high?
3M Co's current Inventory Turnover is 0.97. Overall, 3M Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does 3M Co's Inventory Turnover compare to HON and VMI?
3M Co's Inventory Turnover of 0.97 can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Conglomerates company?
A good Inventory Turnover depends on the Conglomerates industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on 3M Co and its competitors. 3M Co's current Inventory Turnover is 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3M Co stock overvalued right now?
Based on GuruFocus' analysis, 3M Co (MEX:MMM) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,473.30, compared to a current price of MXN2,859.00 — trading 15.6% above its estimated fair value. The current Inventory Turnover is 0.97. 3M Co's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For 3M Co (MEX:MMM), the current Inventory Turnover is 0.97 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is 3M Co (MEX:MMM) Overvalued in 2026?

Based on GuruFocus' analysis, 3M Co stock appears to be overvalued. The current stock price of MXN2,859.00 is trading 15.6% above its estimated GF Value™ of MXN2,473.30. GuruFocus considers 3M Co to be Modestly Overvalued.

Key valuation signals for MEX:MMM:

  • Inventory Turnover: 0.97
  • GF Value™: MXN2,473.30 vs. price of MXN2,859.00 (15.6% above fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the MEX:MMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

3M Co Business Description

Address 3M Center, St. Paul, MN, USA, 55144
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
63GF Score

Get the complete analysis for MEX:MMM

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,859.00
Price
MXN2,473.30
GF Value