Medtronic (XSWX:MDT) Inventory Turnover: 0.55 (As of Apr. 2026)

What is Medtronic Inventory Turnover?

Medtronic XSWX:MDT +1.21% 21 Inventory Turnover is 0.55 as of Apr. 2026. GuruFocus rates XSWX:MDT with a GF Score™ of 21/100 and a GF Value™ of CHF80.97 (Modestly Undervalued). The stock has 3 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. Medtronic's Cost of Goods Sold for the three months ended in Apr. 2026 was CHF2,676 Mil. Medtronic's Average Total Inventories for the quarter that ended in Apr. 2026 was CHF4,834 Mil. Medtronic's Inventory Turnover for the quarter that ended in Apr. 2026 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Medtronic's Days Inventory for the three months ended in Apr. 2026 was 164.81.

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. Medtronic's Inventory-to-Revenue for the quarter that ended in Apr. 2026 was 0.63.

Medtronic (XSWX:MDT) 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.

Medtronic's Days Inventory for the three months ended in Apr. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2026 )	/	Cost of Goods Sold (Q: Apr. 2026 )	*	Days in Period
	=	4833.6665	/	2676.265	*	365 / 4
	=	164.81

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.

Medtronic's Inventory to Revenue for the quarter that ended in Apr. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2026 )	/	Revenue (Q: Apr. 2026 )
	=	4833.6665	/	7723.993
	=	0.63

* 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.

Medtronic Inventory Turnover Related Terms

Medtronic Inventory Turnover Historical Data

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The historical data trend for Medtronic's Inventory Turnover can be seen below:

Medtronic Inventory Turnover Chart

Medtronic Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

Apr26

Inventory Turnover

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2.30

2.11

2.15

2.08

2.17

Medtronic Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
Inventory Turnover	Get a 7-Day Free Trial															0.54	0.52	0.51	0.52	0.55

21GF Score

Medtronic PLC XSWX:MDT

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Medtronic Inventory Turnover Calculation

Medtronic's Inventory Turnover for the fiscal year that ended in Apr. 2026 is calculated as

	Inventory Turnover (A: Apr. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2026 )	/ (	(Total Inventories (A: Apr. 2025 )	+	Total Inventories (A: Apr. 2026 ))	/	count )
=	10019.059	/ (	(4565.341	+	4687.008)	/	2 )
=	10019.059	/	4626.1745
=	2.17

Medtronic's Inventory Turnover for the quarter that ended in Apr. 2026 is calculated as

	Inventory Turnover (Q: Apr. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2026 )	/ (	(Total Inventories (Q: Jan. 2026 )	+	Total Inventories (Q: Apr. 2026 ))	/	count )
=	2676.265	/ (	(4980.325	+	4687.008)	/	2 )
=	2676.265	/	4833.6665
=	0.55

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.55 mean?

Medtronic (XSWX:MDT) has a Inventory Turnover of 0.55 as of Apr. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Medtronic and its competitors.

Is Medtronic's Inventory Turnover too high?

Medtronic's current Inventory Turnover is 0.55. Overall, Medtronic has a GF Score™ of 21/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Medtronic's Inventory Turnover compare to SYK and BSX?

Medtronic's Inventory Turnover of 0.55 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?

A good Inventory Turnover depends on the Medical Devices & Instruments 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 Medtronic and its competitors. Medtronic's current Inventory Turnover is 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Medtronic stock overvalued right now?

Based on GuruFocus' analysis, Medtronic (XSWX:MDT) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF80.97, compared to a current price of CHF65.29 — trading 19.4% below its estimated fair value. The current Inventory Turnover is 0.55. Medtronic's overall GF Score™ is 21/100 with 3 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 Medtronic (XSWX:MDT), the current Inventory Turnover is 0.55 as of Apr. 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 Medtronic (XSWX:MDT) Overvalued in 2026?

Based on GuruFocus' analysis, Medtronic stock appears to be undervalued. The current stock price of CHF65.29 is trading 19.4% below its estimated GF Value™ of CHF80.97. GuruFocus considers Medtronic to be Modestly Undervalued.

Key valuation signals for XSWX:MDT:

Inventory Turnover: 0.55
GF Value™: CHF80.97 vs. price of CHF65.29 (19.4% below fair value)
GF Score™: 21/100 with 3 warning signs

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

Medtronic Business Description

Industry Healthcare Medical Devices & Instruments

Comparable Companies SYK BSX EW ABT DXCM GEHC STE ZBH PEN GMED XTER:SHL SZSE:300760 XAMS:PHIA XSWX:SOON SHSE:688271 LSE:SN.TSE:7733 PODD MASI BRKR

Other Exchanges MDT:USA MDTN:Mexico 1MDT:Italy 0Y6X:UK 2M6:Germany MDTC34:Brazil MDT:Austria MDT:Argentina

Address Parkmore Business Park West, Building Two, Galway, IRL

Website https://www.medtronic.com

One of the largest medical-device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, transcatheter heart valves, stents, spinal fixation devices, neurovascular products, advanced energy, ablation laser therapy, and surgical tools. The company primarily markets its products to healthcare institutions and physicians in the United States, Western Europe, and Japan. Foreign sales account for roughly 50% of the company's total sales.

21GF Score

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CHF65.29

Price

CHF80.97

GF Value

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