Medtronic PLC (MDT)
Inventory turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | — | 11,216,000 | 24,405,000 | 10,719,000 | 23,398,000 |
| Inventory | US$ in thousands | 5,476,000 | 5,217,000 | 5,217,000 | 5,293,000 | 5,293,000 |
| Inventory turnover | 0.00 | 2.15 | 4.68 | 2.03 | 4.42 |
April 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $—K ÷ $5,476,000K
= 0.00
The inventory turnover ratio for Medtronic PLC has shown fluctuations over the years. In April 2023, the ratio stood at 4.42, indicating that the company's inventory was turned over approximately 4.42 times during that period. However, by April 2024, the ratio had increased to 4.68, suggesting a more efficient management of inventory.
On the other hand, there was a significant drop in inventory turnover to 0.00 in April 2025. This may raise concerns as a very low or zero inventory turnover ratio could indicate overstocking or obsolete inventory issues, which could tie up the company's capital and lead to potential write-offs.
Overall, while fluctuations in inventory turnover are normal for a company like Medtronic PLC, it is important for management to closely monitor and analyze these changes to ensure optimal inventory management and efficient use of resources.
Peer comparison
Apr 30, 2025