Inventory Turnover (Quarterly)

Inventory Turnover: A ratio showing how many times a company's inventory is sold and replaced over a period. Calculated as: Cost of Goods Sold / Total Inventory

3M Company (MMM) had Inventory Turnover of 0.97 for the most recently reported fiscal quarter, ending 2023-12-31.

Quarterly Annual

Figures for fiscal quarter ending 2023-12-31

Income Statement Financials
Revenue	$8.01B
Net Income	$945.00M
Cost of Goods Sold	$4.68B
Gross Profit	$3.33B
Operating Expenses	$6.77B
Operating Income	$1.24B
Non-Operating Income/Expense	$-243.00M
Pre-Tax Income	$1.00B
Normalized Pre-Tax Income	$1.00B
Income after Taxes	$936.00M
Income from Continuous Operations	$947.00M
Consolidated Net Income/Loss	$947.00M
Normalized Income after Taxes	$936.00M
EBIT	$1.24B
EBITDA	$1.78B
Weighted-Average Shares Outstanding (Basic)	553.90M
Weighted-Average Shares Outstanding (Diluted)	553.90M
Earnings per Share (EPS) (Basic)	$1.69
Earnings per Share (EPS) (Diluted)	$1.70
Balance Sheet Financials
Current Assets	$16.38B
Property, Plant, and Equipment	$9.16B
Long-Term Assets	$34.20B
Total Assets	$50.58B
Current Liabilities	$15.30B
Long-Term Debt	$13.09B
Long-Term Liabilities	$30.41B
Total Liabilities	$45.71B
Common Equity	$4.87B
Tangible Shareholders Equity	$-12.29B
Shareholders Equity	$4.87B
Common Shares Outstanding	552.58M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$6.68B
Cash Flow from Investing Activities	$-1.21B
Cash Flow from Financial Activities	$-3.15B
Beginning Cash	$3.65B
End Cash	$5.93B
Increase/Decrease in Cash	$2.28B
Stock-Based Compensation	$274.00M
Common Stock Dividends Paid	$-3.31B
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	1.07
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.73
Debt to Equity Ratio	3.29
Gross Margin	41.62%
Operating Margin	15.51%
EBIT Margin	15.51%
EBITDA Margin	--
Pre-Tax Profit Margin	12.48%
Profit Margin	11.79%
Free Cash Flow	$5.18B
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.16
Inventory Turnover	0.97
Receiveable Turnover	1.69
Days Sales in Receivables	53.35
Return on Equity	19.45%
Return on Tangible Equity	-7.71%
Return on Assets	1.87%
Return on Investments	5.27%
Book Value Per Share	$8.81
Free Cash Flow per Share	$9.36
Operating Cash Flow per Share	$12.06

Data from Zacks Investment Research, Inc.