Medtronic PLC (MDT)

Days of inventory on hand (DOH)

		Apr 30, 2025	Apr 30, 2024	Apr 26, 2024	Apr 30, 2023	Apr 28, 2023
Inventory turnover		0.00	2.15	4.68	2.03	4.42
DOH	days	—	169.78	78.03	180.24	82.57

April 30, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.00
= —

To analyze the Days of Inventory on Hand (DOH) for Medtronic PLC based on the provided data:

1. DOH as of April 28, 2023, was 82.57 days. This implies that, on average, Medtronic held inventory for approximately 82.57 days before selling it during that period.

2. DOH increased significantly to 180.24 days by April 30, 2023. This sharp spike may indicate potential issues with inventory management or demand forecasting during that period.

3. By April 26, 2024, DOH had reduced to 78.03 days, reflecting a positive trend towards more efficient inventory turnover compared to the previous year.

4. However, as of April 30, 2024, the DOH increased again to 169.78 days, which is a cause for concern as it suggests a significant increase in the time taken to sell inventory, possibly leading to higher carrying costs and reduced liquidity.

5. The data for April 30, 2025, shows "— days", which could imply that the DOH figure for that period is not available or not applicable in the dataset provided.

Overall, the analysis suggests fluctuations in Medtronic's inventory management efficiency over the years, with periods of both improvement and deterioration. Consistently high DOH figures may indicate potential risks related to excess inventory levels, obsolete stock, or challenges in matching supply with demand.