Abbott Laboratories (XSWX:ABT) Days Inventory : 135.07 (As of Dec. 2023)

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What is Abbott Laboratories Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Abbott Laboratories's Average Total Inventories for the three months ended in Dec. 2023 was CHF5,832 Mil. Abbott Laboratories's Cost of Goods Sold for the three months ended in Dec. 2023 was CHF3,940 Mil. Hence, Abbott Laboratories's Days Inventory for the three months ended in Dec. 2023 was 135.07.

The historical rank and industry rank for Abbott Laboratories's Days Inventory or its related term are showing as below:

XSWX:ABT' s Days Inventory Range Over the Past 10 Years
Min: 88.76 Med: 107.14 Max: 132.79
Current: 132.79

During the past 13 years, Abbott Laboratories's highest Days Inventory was 132.79. The lowest was 88.76. And the median was 107.14.

XSWX:ABT's Days Inventory is ranked better than
71.01% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 187.28 vs XSWX:ABT: 132.79

Abbott Laboratories's Days Inventory increased from Dec. 2022 (120.83) to Dec. 2023 (135.07). It might indicate that Abbott Laboratories's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Abbott Laboratories's Inventory Turnover for the three months ended in Dec. 2023 was 0.68.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Abbott Laboratories's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.66.

Abbott Laboratories Days Inventory Historical Data

The historical data trend for Abbott Laboratories's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Abbott Laboratories Days Inventory Chart

Abbott Laboratories Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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112.39

119.03

98.37

107.46

134.22

Abbott Laboratories Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															135.76	139.74	134.02	135.07	130.73

Competitive Comparison of Abbott Laboratories's Days Inventory

For the Medical Devices subindustry, Abbott Laboratories's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Abbott Laboratories's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Abbott Laboratories's Days Inventory distribution charts can be found below:

* The bar in red indicates where Abbott Laboratories's Days Inventory falls into.

Abbott Laboratories Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Abbott Laboratories's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (5750.767	+	5681.736)	/	2 )	/	15544.78	*	365
=	5716.2515					/	15544.78	*	365
=	134.22

Abbott Laboratories's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5982.34	+	5681.736)	/	2 )	/	3940.029	*	365 / 4
=	5832.038					/	3940.029	*	365 / 4
=	135.07

Abbott Laboratories (XSWX:ABT) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Abbott Laboratories's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3940.029	/	5832.038
	=	0.68

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Abbott Laboratories's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5832.038	/	8856.417
	=	0.66

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Abbott Laboratories Days Inventory Related Terms

Thank you for viewing the detailed overview of Abbott Laboratories's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Abbott Laboratories (XSWX:ABT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Abbott Laboratories (XSWX:ABT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ABT:USA ABT:Mexico 0Q15:UK ABL:Germany ABT:Chile ABTT34:Brazil ABT:Austria ABT:Argentina

Address

100 Abbott Park Road, Abbott Park, IL, USA, 60064-6400

Website

https://www.abbottinvestor.com

Abbott manufactures and markets cardiovascular and diabetes devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, continuous glucose monitors, and immunoassays and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.