Medtronic PLC (MDT)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 12,320,000 | 16,266,000 | 16,102,000 | 18,828,000 | 18,197,000 | 17,435,000 | 17,281,000 | 17,113,000 | 17,332,000 | 17,653,000 | 17,714,000 | 17,792,000 | 17,347,000 | 16,636,000 | 16,867,000 | 16,619,000 | 17,084,000 | 17,942,000 | 17,481,000 | 17,342,000 |
| Inventory | US$ in thousands | 5,610,000 | 5,479,000 | 5,414,000 | 5,217,000 | 5,217,000 | 5,726,000 | 5,726,000 | 5,754,000 | 5,754,000 | 5,668,000 | 5,668,000 | 5,293,000 | 5,293,000 | 5,375,000 | 5,375,000 | 5,055,000 | 5,055,000 | 4,809,000 | 4,809,000 | 4,616,000 |
| 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 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $12,320,000K ÷ $5,610,000K
= 2.20
The inventory turnover ratio for Medtronic PLC has shown some fluctuations over time. The ratio indicates how effectively the company manages its inventory by measuring the number of times inventory is sold and replaced within a specific period.
Based on the data provided, we observe the following trends:
- The inventory turnover ratio fluctuates between 2.20 and 3.76 over the period.
- The ratio generally decreases from 3.76 in April 2022 to 2.20 in January 2025, indicating a potential slowdown in inventory turnover efficiency.
- There are some peaks and troughs in the ratio over the period, with values ranging between 2.20 and 3.76.
- The highest inventory turnover ratio was 3.76 in April 2022, suggesting efficient management of inventory at that point.
- The lowest inventory turnover ratio was 2.20 in January 2025, indicating a potential slowdown in selling and replacing inventory.
Overall, the inventory turnover ratio for Medtronic PLC fluctuates over time, with some periods of efficient inventory turnover and other periods showing a potential decrease in efficiency. It is important for the company to assess and address factors contributing to variations in the inventory turnover ratio to optimize inventory management and operating performance.
Peer comparison
Jan 31, 2025
Jan 31, 2025