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Days Inventory is also known as Days Sales of Inventory (DSI). Bristol-Myers Squibb Co's Average Total Inventories for the three months ended in Jun. 2024 was $3,031 Mil. Bristol-Myers Squibb Co's Cost of Goods Sold for the three months ended in Jun. 2024 was $3,267 Mil. Hence, Bristol-Myers Squibb Co's Days Inventory for the three months ended in Jun. 2024 was 84.66.
The historical rank and industry rank for Bristol-Myers Squibb Co's Days Inventory or its related term are showing as below:
During the past 13 years, Bristol-Myers Squibb Co's highest Days Inventory was 141.93. The lowest was 66.63. And the median was 87.89.
Bristol-Myers Squibb Co's Days Inventory increased from Jun. 2023 (78.83) to Jun. 2024 (84.66). It might indicate that Bristol-Myers Squibb Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Bristol-Myers Squibb Co's Inventory Turnover for the three months ended in Jun. 2024 was 1.08.
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. Bristol-Myers Squibb Co's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.25.
The historical data trend for Bristol-Myers Squibb Co'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.
Bristol-Myers Squibb Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 123.99 | 98.70 | 76.54 | 79.83 | 85.35 |
Bristol-Myers Squibb Co Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Days Inventory | Get a 7-Day Free Trial | 78.83 | 87.39 | 84.73 | 87.87 | 84.66 |
For the Drug Manufacturers - General subindustry, Bristol-Myers Squibb Co'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 Drug Manufacturers industry and Healthcare sector, Bristol-Myers Squibb Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Bristol-Myers Squibb Co's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Bristol-Myers Squibb Co'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 |
= | ( (2339 | + | 2662) | / | 2 ) | / | 10693 | * | 365 |
= | 2500.5 | / | 10693 | * | 365 | ||||
= | 85.35 |
Bristol-Myers Squibb Co'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 |
= | ( (2985 | + | 3077) | / | 2 ) | / | 3267 | * | 365 / 4 |
= | 3031 | / | 3267 | * | 365 / 4 | ||||
= | 84.66 |
* 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.
Bristol-Myers Squibb Co (NYSE:BMY) 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.
Bristol-Myers Squibb Co's Inventory Turnover for the three months ended in Jun. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 3267 | / | 3031 | |
= | 1.08 |
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.
Bristol-Myers Squibb Co's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 3031 | / | 12201 | |
= | 0.25 |
* 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 Bristol-Myers Squibb Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher S. Boerner | officer: EVP, Chief Commercial Officer | 21823 30TH DRIVE S, BOTHELL WA 98021 |
Samuels Theodore R. Ii | director | 1990 E. GRAND AVE., EL SEGUNDO CA 90245 |
Cari Gallman | officer: EVP, Corporate Affairs | BRISTOL MYERS SQUIBB, ROUTE 206 & PROVINCE LINE ROAD, PRINCETON NJ 08543 |
Ann Powell Judge | officer: SVP, Human Resources | BRISTOL-MYERS SQUIBB COMPANY, ROUTE 206 & PROVINCELINE ROAD, LAWRENCEVILLE NJ 08543 |
Robert M Plenge | officer: EVP, Chief Research Officer | C/O TRANSLATE BIO, INC., 29 HARTWELL AVENUE, LEXINGTON MA 02421 |
Rupert Vessey | officer: Pres., Research & Early Dev. | C/O CELGENE CORPORATION, 86 MORRIS AVENUE, SUMMIT NJ 07901 |
Adam Lenkowsky | officer: EVP, Chief Commercial Officer | BRISTOL MYERS SQUIBB, ROUTE 206 & PROVINCE LINE ROAD, PRINCETON NJ 08543 |
Giovanni Caforio | officer: EVP & Chief Commercial Officer | BRISTOL-MYERS SQUIBB COMPANY, ROUTE 206 & PROVINCELINE ROAD, LAWRENCEVILLE NJ 08543 |
David V Elkins | officer: EVP, Chief Financial Officer | C/O BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
Deepak Bhatt | director | BRISTOL MYERS SQUIBB, 430 E. 29TH STREET, 14TH FLOOR, NEW YORK NY 10016 |
Sandra Leung | officer: Vice President and Secretary | C/O BRISTOL MYERS SQUIBB CO, 345 PARK AVE, NEW YORK NY 10164 |
Sharon Greenlees | officer: SVP & Controller | BRISTOL MYERS SQUIBB, ROUTE 206 & PROVINCE LINE ROAD, PRINCETON NJ 08543 |
Karin Shanahan | officer: EVP, Glob. Prod. Dev. & Supply | BRISTOL MYERS SQUIBB, ROUTE 206 & PROVINCE LINE ROAD, PRINCETON NJ 08543 |
Gregory Scott Meyers | officer: EVP, Chief Digital & Tech Off. | BRISTOL MYERS SQUIBB, ROUTE 206 & PROVINCE LINE ROAD, PRINCETON NJ 08543 |
Autenried Paul Von | officer: SVP, Enterp. Services & CIO | BRISTOL-MYERS SQUIBB COMPANY, 100 NASSAU PARK BOULEVARD, PRINCETON NJ 08543 |
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