Zoetis (FRA:ZOE) Change In Inventory : €-208 Mil (TTM As of Mar. 2024)

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What is Zoetis Change In Inventory?

Zoetis's change in inventory for the quarter that ended in Mar. 2024 was €-90 Mil. It means Zoetis's inventory increased by €90 Mil from Dec. 2023 to Mar. 2024 .

Zoetis's change in inventory for the fiscal year that ended in Dec. 2023 was €-331 Mil. It means Zoetis's inventory increased by €331 Mil from Dec. 2022 to Dec. 2023 .

Zoetis's Total Inventories for the quarter that ended in Mar. 2024 was €2,439 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zoetis's Days Inventory for the quarter that ended in Mar. 2024 was 369.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zoetis's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.25.

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. Zoetis's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.19.

Zoetis Change In Inventory Historical Data

The historical data trend for Zoetis'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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Zoetis Change In Inventory Chart

Zoetis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-93.60

-284.41

-323.91

-458.78

-331.04

Zoetis Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-219.49	-174.45	-68.40	124.71	-90.16

Zoetis 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 €-208 Mil.

Zoetis (FRA:ZOE) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2395.054	/	591.56	*	365 / 4
	=	369.44

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	591.56	/	2395.054
	=	0.25

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2395.054	/	2014.8
	=	1.19

Zoetis Change In Inventory Related Terms

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Zoetis (FRA:ZOE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zoetis Inc (FRA:ZOE) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

ZTS:USA ZTS:Mexico 1ZTS:Italy ZOE:Germany ZOE:Germany Z1TS34:Brazil

Address

10 Sylvan Way, Parsippany, NJ, USA, 07054

Website

https://www.zoetis.com

Zoetis sells anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals. The firm earns roughly 35% of total revenue from production animals (cattle, pigs, poultry, and so on), and nearly 65% from companion animal (dogs, horses, cats) products. Its U.S. business is heavily skewed toward companion animals, while its international business is slightly skewed toward production animals. The firm has the largest market share in the industry and was previously Pfizer's animal health unit.

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