Medtronic PLC (MDT)
Days of inventory on hand (DOH)
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.68 | 4.42 | 4.98 | 5.20 | 5.05 | |
| DOH | days | 78.03 | 82.57 | 73.23 | 70.23 | 72.26 |
April 26, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.68
= 78.03
The days of inventory on hand (DOH) for Medtronic PLC have shown fluctuations over the past five years. In the most recent fiscal year ending on April 26, 2024, the company had 78.03 days worth of inventory on hand, which is lower compared to the previous fiscal year.
The trend indicates that although there have been fluctuations in the DOH metric, it generally remained within the range of 70 to 82 days over the past five years. A lower DOH implies that the company is holding less inventory relative to its sales, which can be interpreted as a positive sign of efficient inventory management.
It is important for Medtronic PLC to monitor its inventory levels closely to ensure that they are able to meet customer demand while minimizing carrying costs and avoiding obsolete inventory. Overall, the fluctuations in the DOH metric suggest that Medtronic PLC has been actively managing its inventory levels to optimize its operations.
Peer comparison
Apr 26, 2024