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Medtronic Plc  (MDT)
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Medtronic Plc Inventory Turnover Ratio (COS)

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

Medtronic Plc's inventory turnover ratio, the ratio that measures Medtronic Plc's ability to manage its supply chain, sequentially decreased to 1.99 in the third quarter 2024, which does not come as a surprise, as the Medtronic Plc continue to experience headwinds, which also impact its supply chain. Average processing period, for Medtronic Plc's inventories remained unchanged at 183 days, in the Jan 26 2024 quarter.

Within Healthcare sector 134 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the Third Quarter 2024 compared to previous quarter at no. 1400.

MDT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Medtronic Plc Market Share?

What is Inventory Turnover Ratio?


MDT Inventory Turnover Ratio (Jan 26 2024)
III. Quarter
(Oct 27 2023)
II. Quarter
(Jul 28 2023)
I. Quarter
(Apr 28 2023)
IV. Quarter
(Jan 27 2023)
III. Quarter
Y / Y Inventory Growth 6.53 % 13.83 % 17.86 % 14.67 % 19.07 %
Y / Y Cost of Sales Growth 3.46 % 8.92 % 4.45 % 14.97 % 9.35 %
Inventory Turnover Ratio (TTM) 1.99 2 2.03 2.09 2.08
MDT's Total Ranking # 1400 # 1400 # 1528 # 1528 # 1634
Average inventory processing period 184 182 180 175 175
Seq. Inventory Growth -0.49 % 1.52 % 7.08 % -1.53 % 6.33 %
Seq. Cost of Sales Growth 0.76 % 5.06 % -11.78 % 10.78 % 6.07 %



Inventory Turnover Ratio Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 52
Healthcare Sector # 135
Overall Market # 1400

Inventory Turnover Ratio Statistics
High Average Low
5.11 2.53 1.99
(March 31, 2016)   (Jan 26 2024)




Financial Statements
Medtronic Plc's Inventories $ 5,726 Millions Visit MDT's Balance sheet
Medtronic Plc's Cost of Revenues TTM $ 11,150 Millions Visit MDT's Income Statement
What are MDT's Sales? Visit MDT's Sales by Segment

Other Inventory Turnover Ratios
Medtronic Plc's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Medical Equipment & Supplies Industry Inventory Turnover Trends and Statistics
Healthcare Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
MDT's Inventory Turnover Ratio versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for MDT's Competitors
Inventory Turnover Ratio for MDT's Suppliers
Inventory Turnover Ratio for MDT's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Jan 26 2024, within Healthcare Sector Inventory Turnover Ratio Cost of revenues at quarter ending Jan 26 2024 Inventories at quarter ending Jan 26 2024
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
Enzo Biochem Inc  5.13 $ 49.539  Millions$ 10  Millions
Abbvie inc   5.11 $ 20,415.000  Millions$ 3,992  Millions
Integer Holdings Corporation  5.09 $ 1,178.000  Millions$ 232  Millions
Exact Sciences Corporation  5.08 $ 654.248  Millions$ 129  Millions
Cytosorbents Corporation  4.99 $ 13.000  Millions$ 3  Millions
Warby Parker Inc   4.86 $ 304.000  Millions$ 63  Millions
Cryoport inc   4.84 $ 133.923  Millions$ 28  Millions
Twist Bioscience Corporation  4.84 $ 168.474  Millions$ 35  Millions
Henry Schein Inc  4.58 $ 8,478.000  Millions$ 1,852  Millions
Catalyst Pharmaceuticals Inc   4.54 $ 51.967  Millions$ 11  Millions
Vericel Corporation  4.51 $ 61.940  Millions$ 14  Millions
Ufp Technologies Inc   4.42 $ 287.000  Millions$ 65  Millions
Precision Optics Corporation Inc   4.41 $ 13.019  Millions$ 3  Millions
Catalent Inc   4.35 $ 3,363.000  Millions$ 773  Millions
Bristol myers Squibb Company  4.25 $ 10,693.000  Millions$ 2,517  Millions
Integrated Biopharma Inc  4.25 $ 45.487  Millions$ 11  Millions
Blueprint Medicines Corporation  4.20 $ 75.795  Millions$ 18  Millions
Escalon Medical Corp   4.16 $ 6.730  Millions$ 2  Millions
West Pharmaceutical Services Inc   4.13 $ 1,820.000  Millions$ 441  Millions
Inspire Medical Systems inc   3.98 $ 96.000  Millions$ 24  Millions
Envista Holdings Corporation  3.94 $ 1,126.000  Millions$ 285  Millions
Ge Healthcare Technologies Inc   3.93 $ 8,465.000  Millions$ 2,152  Millions
Akebia Therapeutics Inc   3.92 $ 74.149  Millions$ 19  Millions
Gilead Sciences Inc   3.90 $ 6,498.000  Millions$ 1,665  Millions
Steris Plc  3.88 $ 3,049.739  Millions$ 785  Millions
Adm Tronics Unlimited Inc   3.81 $ 1.751  Millions$ 0  Millions
Align Technology inc   3.79 $ 1,155.000  Millions$ 304  Millions

Date modified: 2024-02-28T14:58:19+00:00



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