Medtronic PLC (MDT)

Days of inventory on hand (DOH)

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Apr 26, 2024	Jan 31, 2024	Jan 26, 2024	Oct 31, 2023	Oct 27, 2023	Jul 31, 2023	Jul 28, 2023	Apr 30, 2023	Apr 28, 2023	Jan 31, 2023	Jan 27, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022	Apr 30, 2022
Inventory turnover		2.20	2.97	2.97	3.61	3.49	3.04	3.02	2.97	3.01	3.11	3.13	3.36	3.28	3.10	3.14	3.29	3.38	3.73	3.64	3.76
DOH	days	166.21	122.95	122.72	101.14	104.64	119.87	120.94	122.73	121.18	117.19	116.79	108.59	111.37	117.93	116.31	111.02	108.00	97.83	100.41	97.15

January 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.20
= 166.21

The days of inventory on hand (DOH) for Medtronic PLC have shown fluctuations over the periods reported.

The DOH metric indicates the average number of days a company holds its inventory before it is sold. In the case of Medtronic PLC, the DOH ranged from a low of 97.15 days in April 2022 to a high of 166.21 days in January 2025.

The trend in DOH for Medtronic PLC shows some variability, with periods of increase and decrease in the number of days inventory is held. This may suggest changes in inventory management practices, supply chain efficiency, or demand for the company's products.

It is essential for Medtronic PLC to monitor and manage its inventory levels effectively to optimize its working capital and ensure efficient operations. Analyzing the reasons behind the fluctuations in DOH can provide insights into the company's inventory management strategy and overall financial health.