Solventum (Solventum) Change In Inventory : $-23 Mil (TTM As of Mar. 2024)

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What is Solventum Change In Inventory?

Solventum's change in inventory for the quarter that ended in Mar. 2024 was $-52 Mil. It means Solventum's inventory increased by $52 Mil from Dec. 2023 to Mar. 2024 .

Solventum's change in inventory for the fiscal year that ended in Dec. 2023 was $23 Mil. It means Solventum's inventory declined by $23 Mil from Dec. 2022 to Dec. 2023 .

Solventum's Total Inventories for the quarter that ended in Mar. 2024 was $901 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solventum's Days Inventory for the quarter that ended in Mar. 2024 was 95.68.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solventum's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.95.

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. Solventum's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Solventum Change In Inventory Historical Data

The historical data trend for Solventum's Change In 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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Solventum Change In Inventory Chart

Solventum Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

43.00

-136.00

-82.00

23.00

Solventum Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial					-6.00	1.00	-2.00	30.00	-52.00

Solventum Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-23 Mil.

Solventum (NYSE:SOLV) Change In Inventory Explanation

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

Solventum's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	885	/	844	*	365 / 4
	=	95.68

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

Solventum's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	844	/	885
	=	0.95

3. 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.

Solventum's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	885	/	2016
	=	0.44

Solventum Change In Inventory Related Terms

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Solventum (Solventum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Solventum Corp (NYSE:SOLV) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

KB7:Germany

Address

3M Center, St. Paul, MN, USA, 55144

Website

https://www.3m.com

Solventum is an independent healthcare?company with a primary focus on solving big healthcare challenges. Its diverse product portfolio spans across the healthcare industry from medical solutions and oral care to health information systems and separation and purification sciences.

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