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Days Inventory is also known as Days Sales of Inventory (DSI). Abbott Laboratories's Average Total Inventories for the three months ended in Jun. 2024 was $6,821 Mil. Abbott Laboratories's Cost of Goods Sold for the three months ended in Jun. 2024 was $4,603 Mil. Hence, Abbott Laboratories's Days Inventory for the three months ended in Jun. 2024 was 135.21.
The historical rank and industry rank for Abbott Laboratories's Days Inventory or its related term are showing as below:
During the past 13 years, Abbott Laboratories's highest Days Inventory was 134.41. The lowest was 88.76. And the median was 107.14.
Abbott Laboratories's Days Inventory declined from Jun. 2023 (137.84) to Jun. 2024 (135.21).
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 Jun. 2024 was 0.67.
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 Jun. 2024 was 0.66.
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.
Abbott Laboratories Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 111.89 | 113.47 | 100.12 | 108.02 | 129.38 |
Abbott Laboratories Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Days Inventory | Get a 7-Day Free Trial | 133.96 | 132.39 | 136.96 | 135.21 | 132.35 |
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.
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.
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 |
= | ( (6173 | + | 6570) | / | 2 ) | / | 17975 | * | 365 |
= | 6371.5 | / | 17975 | * | 365 | ||||
= | 129.38 |
Abbott Laboratories's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:
Days Inventory (Q: Jun. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Mar. 2024 ) | + | Total Inventories (Q: Jun. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Jun. 2024 ) | * | Days in Period |
= | ( (6827 | + | 6814) | / | 2 ) | / | 4603 | * | 365 / 4 |
= | 6820.5 | / | 4603 | * | 365 / 4 | ||||
= | 135.21 |
* 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.
Abbott Laboratories (NYSE: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 Jun. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 4603 | / | 6820.5 | |
= | 0.67 |
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 Jun. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 6820.5 | / | 10377 | |
= | 0.66 |
* 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.
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.
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.
Robert B Ford | officer: Senior Vice President | 100 ABBOTT PARK ROAD, AP6A-2, D-032L, ABBOTT PARK IL 60064-6092 |
Mccoy John A. Jr. | officer: VICE PRESIDENT | C/O ABBOTT LABORATORIES, 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Robert E Funck | officer: Vice President, Controller | 100 ABBOTT PARK ROAD, D-378, AP6D-2, ABBOTT PARK IL 60064-6092 |
Lisa D Earnhardt | officer: Executive Vice President | 1555 ADAMS DRIVE, C/O INTERSECT ENT, INC., MENLO PARK CA 94025 |
Salvadori Daniel Gesua Sive | officer: Senior Vice President | 100 ABBOTT PARK ROAD, AP6A-2, D-032L, ABBOTT PARK IL 60064-6092 |
Mary K Moreland | officer: Executive Vice President | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Hubert L Allen | officer: Executive Vice President | 100 ABBOTT PARK ROAD, AP6C-1N, ABBOTT PARK IL 60064-6092 |
Louis H. Morrone | officer: EXECUTIVE VICE PRESIDENT | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Andrea F Wainer | officer: Executive Vice President | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Daniel J Starks | director | ONE ST JUDE MEDICAL DRIVE, ST PAUL MN 55117 |
Michael F Roman | director | 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000 |
Patricia Paola Gonzalez | director | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Philip P Boudreau | officer: Vice President | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Michael O'grady | director | 50 S LASALLE STREET, CHICAGO IL 60603 |
Gregory A Ahlberg | officer: Senior Vice President | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
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