Medtronic PLC (MDT)

Days of inventory on hand (DOH)

		Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	Apr 24, 2020	Jan 24, 2020	Oct 25, 2019	Jul 26, 2019
Inventory turnover		4.67	4.18	4.14	4.14	4.40	4.36	4.56	4.79	4.98	4.94	5.17	5.29	5.21	4.85	4.83	4.70	5.06	5.29	5.37	5.46
DOH	days	78.11	87.31	88.07	88.20	82.96	83.72	80.06	76.26	73.23	73.86	70.66	69.04	70.12	75.29	75.54	77.60	72.15	68.99	67.98	66.85

April 26, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.67
= 78.11

The days of inventory on hand (DOH) for Medtronic PLC have shown some fluctuations over the past two years. The trend indicates that the company has been managing its inventory levels relatively efficiently, with DOH ranging from 66.85 days to 88.20 days during this period.

There was an increase in DOH from 66.85 days in July 2019 to 88.20 days in October 2023, suggesting that the company may have been experiencing challenges in managing its inventory during this time. However, there was a slight decrease in DOH from 88.20 days in October 2023 to 73.23 days in April 2022, indicating an improvement in inventory management.

Overall, the average DOH over the past two years has been around 77 days, which is relatively in line with industry standards. Further analysis of the company's inventory turnover ratio and comparison with industry benchmarks can provide more insights into the efficiency of Medtronic PLC's inventory management practices.