Cardinal Health (Cardinal Health) Inventory Turnover : 3.14 (As of Dec. 2023)

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What is Cardinal Health Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Cardinal Health's Cost of Goods Sold for the three months ended in Dec. 2023 was $55,599 Mil. Cardinal Health's Average Total Inventories for the quarter that ended in Dec. 2023 was $17,719 Mil. Cardinal Health's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cardinal Health's Days Inventory for the three months ended in Dec. 2023 was 29.08.

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. Cardinal Health's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Cardinal Health Inventory Turnover Historical Data

The historical data trend for Cardinal Health's Inventory Turnover 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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Cardinal Health Inventory Turnover Chart

Cardinal Health Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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11.04

11.23

11.20

11.57

12.55

Cardinal Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.00	2.87	3.17	3.22	3.14

Cardinal Health Inventory Turnover Calculation

Cardinal Health's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	198123	/ (	(15636	+	15940)	/	2 )
=	198123	/	15788
=	12.55

Cardinal Health's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	55599	/ (	(16987	+	18451)	/	2 )
=	55599	/	17719
=	3.14

Cardinal Health (NYSE:CAH) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Cardinal Health's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	17719	/	55599	*	365 / 4
	=	29.08

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.

Cardinal Health's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	17719	/	57445
	=	0.31

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Cardinal Health Inventory Turnover Related Terms

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Cardinal Health (Cardinal Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Cardinal Health Inc (NYSE:CAH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CAH:Mexico CLH:Germany CLH:Germany C1AH34:Brazil CAH:Argentina

Address

7000 Cardinal Place, Dublin, OH, USA, 43017

Website

https://www.cardinalhealth.com

Cardinal Health is one of three leading pharmaceutical wholesalers in the U.S., engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and McKesson, the three comprise well over 90% of the U.S. pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.

Executives

Deborah Weitzman	officer: CEO, Pharmaceutical Segment	600 WEST 22ND STREET, SUITE 300, OAK BROOK IL 60523
Mary C. Scherer	officer: Chief Accounting Officer	6026 LUDWIG STREET, POWELL OH 43065
Ola M Snow	officer: Chief Human Resources Officer	7000 CARDINAL PLACE, DUBLIN OH 43017
Stephen M Mason	officer: CEO, Medical Segment	7000 CARDINAL PLACE, DUBLIN OH 43017
Jessica L Mayer	officer: Chief Legal/Compliance Officer	7000 CARDINAL PLACE, DUBLIN OH 43017
Michelle D. Greene	officer: Chief Information Officer	1141 N. OLD WORLD 3RD STREET, UNIT # 2414, MILWAUKEE WI 53203
Aaron E Alt	officer: Chief Financial Officer	3001 COLORADO BLVD., DENTON TX 76210
Michelle Brennan	director	1855 S. GRANT STREET, SAN MATEO CA 94402
Sujatha Chandrasekaran	director	77 HOT METAL STREET, PITTSBURGH PA 15203
Christine Mundkur	director
Steven Barg	director	ELLIOTT MANAGEMENT CORPORATION, 40 WEST 57TH STREET, NEW YORK NY 10019
Patricia M English	officer: Chief Accounting Officer	7000 CARDINAL PLACE, DUBLIN OH 43017
Sheri H. Edison	director	1069 STATE ROUTE 46 EAST, BATESVILLE IN 47006
Jason M. Hollar	officer: Chief Financial Officer	3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179
John H Weiland	director	C/O C.R BARD INC, 730 CENTRAL AVE, MURRAY HILL NJ 07974