Siemens Healthineers AG (WBO:SHL) Inventory Turnover : 0.88 (As of Sep. 2024)

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What is Siemens Healthineers AG Inventory Turnover?

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. Siemens Healthineers AG's Cost of Goods Sold for the three months ended in Sep. 2024 was €3,921 Mil. Siemens Healthineers AG's Average Total Inventories for the quarter that ended in Sep. 2024 was €4,432 Mil. Siemens Healthineers AG's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Siemens Healthineers AG's Days Inventory for the three months ended in Sep. 2024 was 103.14.

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. Siemens Healthineers AG's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.70.

Siemens Healthineers AG Inventory Turnover Historical Data

The historical data trend for Siemens Healthineers AG'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.

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Siemens Healthineers AG Inventory Turnover Chart

Siemens Healthineers AG Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Inventory Turnover

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4.11

4.07

3.81

3.39

3.31

Siemens Healthineers AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.87	0.73	0.75	0.71	0.88

Siemens Healthineers AG Inventory Turnover Calculation

Siemens Healthineers AG's Inventory Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Inventory Turnover (A: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2024 )	/ (	(Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )
=	13895	/ (	(4261	+	4143)	/	2 )
=	13895	/	4202
=	3.31

Siemens Healthineers AG's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	3921	/ (	(4721	+	4143)	/	2 )
=	3921	/	4432
=	0.88

Siemens Healthineers AG (WBO:SHL) 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.

Siemens Healthineers AG's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	4432	/	3921	*	365 / 4
	=	103.14

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.

Siemens Healthineers AG's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	4432	/	6329
	=	0.70

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.

Siemens Healthineers AG Inventory Turnover Related Terms

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Siemens Healthineers AG Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Siemens Healthineers AG (WBO:SHL) » Definitions » Inventory Turnover

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SEMHF:USA SMMNY:USA 1SHL:Italy SHLd:UK 0PMJ:UK SHL:Germany

Address

Siemensstr. 3, Forchheim, BY, DEU, 91301

Website

https://www.siemens-healthineers.com

Siemens Healthineers is engaged in therapeutic imaging, radiotherapy, laboratory, and point-of-care diagnostics. The imaging segment (55% of sales in fiscal 2023) includes magnetic resonance imaging, computed tomography, X-ray systems, molecular imaging, and ultrasound. The Varian segment (16% of sales) offers radiotherapy and other oncology solutions. The portfolio of the diagnostics segment (21%) includes in vitro diagnostics products offered to providers and point-of-care diagnostics. The advanced therapies segment (9%) products are designed to support image-guided minimally invasive treatments in cardiology, interventional radiology, and surgery. North America represents 41% of total sales, Europe, Middle East, and Africa 32%, and Asia-Pacific including China the remainder.

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