Medtronic PLC (MDT)
Inventory turnover
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,928,000 | 12,320,000 | 16,266,000 | 16,102,000 | 18,828,000 | 18,197,000 | 17,435,000 | 17,281,000 | 17,113,000 | 17,331,000 | 17,652,000 | 17,713,000 | 17,791,000 | 17,347,000 | 16,636,000 | 16,867,000 | 16,619,000 | 17,084,000 | 17,942,000 | 17,481,000 |
| Inventory | US$ in thousands | 5,476,000 | 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 |
| Inventory turnover | 1.63 | 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 |
April 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,928,000K ÷ $5,476,000K
= 1.63
Inventory turnover is a key financial ratio that measures how efficiently a company manages its inventory. In the case of Medtronic PLC, the inventory turnover has been fluctuating over the period analyzed.
The inventory turnover ratio for Medtronic PLC ranged from a high of 3.73 in July 31, 2022, to a low of 1.63 in April 30, 2025. This indicates that the company turned over its inventory 3.73 times in July 31, 2022, but only 1.63 times in April 30, 2025.
A higher inventory turnover ratio generally signifies that a company is selling its inventory quickly and efficiently. On the other hand, a lower ratio could indicate potential issues with slow-moving inventory or overstocking.
Medtronic PLC's inventory turnover ratio has shown a general downward trend since the beginning of the period, with some fluctuations along the way. It is important for the company to monitor its inventory turnover ratio consistently to ensure efficient inventory management and optimize its working capital.
Peer comparison
Apr 30, 2025
Apr 30, 2025