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Abbvie inc   (ABBV)
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Abbvie Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Abbvie Inc inventory turnover ratio, the Abbvie Inc 's ability to sell and replace its inventory in the forth quarter 2023, sequentially increased to 5.11 in the fourth quarter 2023, ABBV's markets remain strong, its supply chain continue to be in a grate shape.Average inventory processing period, for the Abbvie Inc in Dec 31 2023 quarter, has decreased to 71 days, compare to 75 days, in the Sep 30 2023 quarter.

Within Healthcare sector 44 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the Forth Quarter 2023 compared to previous quarter at no. 610.

ABBV Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Abbvie Inc Market Share?

What is Inventory Turnover Ratio?


ABBV Inventory Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth 14.53 % 25.5 % 19.41 % 10.05 % 14.42 %
Y / Y Cost of Sales Growth 36.79 % 29.13 % 1.68 % -1.63 % -3.47 %
Inventory Turnover Ratio (TTM) 5.11 4.89 4.76 4.96 5.11
ABBV's Total Ranking # 610 # 610 # 610 # 610 # 811
Average inventory processing period 71 75 77 74 71
Seq. Inventory Growth 2.96 % -1.82 % 5.79 % 7.1 % 12.83 %
Seq. Cost of Sales Growth -12.04 % 52.95 % 6.37 % -4.41 % -16.97 %



Inventory Turnover Ratio Company Ranking
Within: No.
Major Pharmaceutical Preparations Industry # 10
Healthcare Sector # 45
Overall Market # 610

Inventory Turnover Ratio Statistics
High Average Low
7.09 4.47 2.16
(Dec 31 2013)   (Sep. 30, 2015)




Financial Statements
Abbvie Inc 's Inventories $ 4,099 Millions Visit ABBV's Balance sheet
Abbvie Inc 's Cost of Revenues TTM $ 20,415 Millions Visit ABBV's Income Statement
What are ABBV's Sales? Visit ABBV's Sales by Segment

Other Inventory Turnover Ratios
Abbvie Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Major Pharmaceutical Preparations Industry Inventory Turnover Trends and Statistics
Healthcare Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
ABBV's Inventory Turnover Ratio versus Major Pharmaceutical Preparations Industry, Healthcare Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for ABBV's Competitors
Inventory Turnover Ratio for ABBV's Suppliers
Inventory Turnover Ratio for ABBV's Customers

You may also want to know
ABBV's Sales Growth Rates ABBV's Pe Price to earnings ratio ABBV's Receivables Turnover Ratio ABBV's Stock Quote
ABBV's Net Income Growth Rates ABBV's Ps Price to Sales ratio ABBV's Sales per Employee ABBV's Asset Turnover Ratio
ABBV's Net Margin ABBV's Pb Price to Book ratio ABBV's Financial Strength Ratios ABBV's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Healthcare Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Vanda Pharmaceuticals Inc   13.01 $ 14.796  Millions$ 1  Millions
Option Care Health Inc   12.80 $ 3,321.000  Millions$ 259  Millions
Eton Pharmaceuticals Inc   12.44 $ 10.000  Millions$ 1  Millions
Irhythm Technologies Inc   10.94 $ 160.000  Millions$ 15  Millions
Lantheus Holdings Inc   10.93 $ 586.000  Millions$ 54  Millions
Sotera Health Company  10.78 $ 472.000  Millions$ 44  Millions
Genedx Holdings Corp   10.67 $ 112.000  Millions$ 10  Millions
Myriad Genetics Inc   10.34 $ 236.200  Millions$ 23  Millions
Earth Science Tech Inc   10.26 $ 1.843  Millions$ 0  Millions
23andme Holding Co  10.20 $ 134.395  Millions$ 13  Millions
Prosomnus Inc   9.48 $ 13.641  Millions$ 1  Millions
Moderna Inc   8.79 $ 4,693.000  Millions$ 534  Millions
Collegium Pharmaceutical Inc   8.76 $ 274.730  Millions$ 31  Millions
National Vision Holdings Inc   8.26 $ 1,000.910  Millions$ 121  Millions
Novavax inc  8.14 $ 343.768  Millions$ 42  Millions
Charles River Laboratories International inc   7.52 $ 2,295.983  Millions$ 305  Millions
Castle Biosciences Inc   7.39 $ 44.982  Millions$ 6  Millions
Alimera Sciences Inc   7.34 $ 10.837  Millions$ 1  Millions
Hims and Hers Health Inc   7.25 $ 157.000  Millions$ 22  Millions
Owens and Minor inc  7.06 $ 8,208.000  Millions$ 1,163  Millions
Kewaunee Scientific Corporation  6.88 $ 150.625  Millions$ 22  Millions
Hutchmed china Limited  6.61 $ 331.984  Millions$ 50  Millions
Cardiff Lexington Corporation  6.59 $ 3.561  Millions$ 1  Millions
Fonar Corporation  6.39 $ 17.389  Millions$ 3  Millions
Veracyte inc   6.25 $ 88.913  Millions$ 14  Millions
Star Equity Holdings Inc   6.12 $ 33.859  Millions$ 6  Millions
Patterson Companies Inc   5.96 $ 5,166.391  Millions$ 867  Millions
Avantor Inc   5.30 $ 4,603.400  Millions$ 868  Millions
Lifemd Inc   5.28 $ 18.000  Millions$ 3  Millions
Incyte Corporation  5.18 $ 254.990  Millions$ 49  Millions

Date modified: 2024-02-21T12:06:42+00:00



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