Stock Analysis on Net

Abbott Laboratories (NYSE:ABT)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

Abbott Laboratories, short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Turnover Ratios
Inventory turnover 3.02 2.69 2.67 2.65 2.74 2.71 2.62 2.77 3.10 3.37 3.24 3.36 3.59 3.47 3.27 2.99 2.99
Receivables turnover 6.06 5.85 5.94 6.11 6.11 6.15 6.52 6.89 7.02 7.03 6.33 6.20 6.64 6.61 6.58 6.13 5.40
Payables turnover 4.46 4.54 4.42 4.33 4.19 4.55 4.28 4.44 4.15 4.67 4.25 4.02 4.21 4.55 4.43 3.97 3.80
Working capital turnover 4.42 4.63 4.35 4.83 4.54 4.15 4.39 4.21 4.48 3.92 3.63 4.13 3.87 3.98 4.02 3.99 4.06
Average No. Days
Average inventory processing period 121 136 136 138 133 135 139 132 118 108 113 109 102 105 111 122 122
Add: Average receivable collection period 60 62 61 60 60 59 56 53 52 52 58 59 55 55 55 60 68
Operating cycle 181 198 197 198 193 194 195 185 170 160 171 168 157 160 166 182 190
Less: Average payables payment period 82 80 83 84 87 80 85 82 88 78 86 91 87 80 82 92 96
Cash conversion cycle 99 118 114 114 106 114 110 103 82 82 85 77 70 80 84 90 94

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Abbott Laboratories inventory turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. Abbott Laboratories receivables turnover ratio deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Abbott Laboratories payables turnover ratio increased from Q2 2024 to Q3 2024 but then slightly decreased from Q3 2024 to Q4 2024 not reaching Q2 2024 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Abbott Laboratories working capital turnover ratio improved from Q2 2024 to Q3 2024 but then slightly deteriorated from Q3 2024 to Q4 2024 not reaching Q2 2024 level.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Abbott Laboratories number of days of receivables outstanding deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Abbott Laboratories operating cycle deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Abbott Laboratories number of days of payables outstanding decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 not reaching Q2 2024 level.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Abbott Laboratories cash conversion cycle deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Inventory Turnover

Abbott Laboratories, inventory turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Cost of products sold, excluding amortization of intangible assets 4,942 4,698 4,603 4,463 4,556 4,605 4,483 4,331 4,593 4,629 4,933 4,987 4,766 4,423 4,947 4,401 4,493 3,966 3,263 3,281
Inventories 6,194 6,813 6,814 6,827 6,570 6,650 6,871 6,673 6,173 5,734 5,899 5,691 5,157 5,261 5,439 5,387 5,012 5,152 5,202 4,568
Short-term Activity Ratio
Inventory turnover1 3.02 2.69 2.67 2.65 2.74 2.71 2.62 2.77 3.10 3.37 3.24 3.36 3.59 3.47 3.27 2.99 2.99
Benchmarks
Inventory Turnover, Competitors2
Cigna Group 27.27 33.20 29.93 31.05 23.70 29.58 28.53 30.04 26.13 30.87 32.34 34.32 31.58 37.54 36.13 36.50 32.70
CVS Health Corp. 17.75 17.93 19.28 18.80 16.83 16.34 16.48 15.15 14.05 14.46 14.64 13.60 13.52 13.49 13.48 12.57 11.88
Intuitive Surgical Inc. 1.83 1.75 1.81 1.89 1.96 1.99 2.21 2.25 2.27 2.36 2.62 2.82 2.98 2.90 2.84 2.64 2.49
Medtronic PLC 2.15 1.95 1.92 1.91 2.03 1.92 2.00 2.09 2.20 2.26 2.38 2.47 2.43 2.24 2.20 2.10 2.23 2.34 2.35 2.37

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Inventory turnover = (Cost of products sold, excluding amortization of intangible assetsQ4 2024 + Cost of products sold, excluding amortization of intangible assetsQ3 2024 + Cost of products sold, excluding amortization of intangible assetsQ2 2024 + Cost of products sold, excluding amortization of intangible assetsQ1 2024) ÷ Inventories
= (4,942 + 4,698 + 4,603 + 4,463) ÷ 6,194 = 3.02

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Abbott Laboratories inventory turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Receivables Turnover

Abbott Laboratories, receivables turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Net sales 10,974 10,635 10,377 9,964 10,241 10,143 9,978 9,747 10,091 10,410 11,257 11,895 11,468 10,928 10,223 10,456 10,701 8,853 7,328 7,726
Trade receivables, less allowances 6,925 7,051 6,854 6,605 6,565 6,499 6,172 6,020 6,218 6,408 7,199 7,179 6,487 6,405 6,113 6,096 6,414 5,649 5,140 5,292
Short-term Activity Ratio
Receivables turnover1 6.06 5.85 5.94 6.11 6.11 6.15 6.52 6.89 7.02 7.03 6.33 6.20 6.64 6.61 6.58 6.13 5.40
Benchmarks
Receivables Turnover, Competitors2
CVS Health Corp. 10.16 10.15 11.17 11.16 10.12 10.53 11.44 11.65 11.79 11.94 11.27 11.30 11.91 11.23 11.48 11.32 12.32
Elevance Health Inc. 18.00 19.84 17.60 15.98 18.08 17.93 18.82 16.53 18.81 19.51 18.80 16.67 20.66 18.93 18.81 17.39 19.72
Intuitive Surgical Inc. 6.82 6.82 6.83 6.49 6.30 7.12 7.37 6.95 6.60 7.20 7.11 6.52 7.30 7.90 7.38 6.96 6.75
Medtronic PLC 5.28 5.42 5.39 5.44 5.21 5.23 5.48 5.85 5.71 5.84 5.79 5.82 5.51 5.35 5.21 5.73 6.22 4.97 5.05 5.20
UnitedHealth Group Inc. 17.66 19.43 16.49 13.80 17.27 17.23 19.23 14.88 18.22 18.37 16.27 15.65 20.07 19.60 18.53 16.35 19.86

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Receivables turnover = (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024) ÷ Trade receivables, less allowances
= (10,974 + 10,635 + 10,377 + 9,964) ÷ 6,925 = 6.06

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Abbott Laboratories receivables turnover ratio deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Payables Turnover

Abbott Laboratories, payables turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Cost of products sold, excluding amortization of intangible assets 4,942 4,698 4,603 4,463 4,556 4,605 4,483 4,331 4,593 4,629 4,933 4,987 4,766 4,423 4,947 4,401 4,493 3,966 3,263 3,281
Trade accounts payable 4,195 4,034 4,125 4,178 4,295 3,961 4,211 4,167 4,607 4,133 4,493 4,757 4,408 4,017 4,017 4,066 3,946 3,189 3,335 3,181
Short-term Activity Ratio
Payables turnover1 4.46 4.54 4.42 4.33 4.19 4.55 4.28 4.44 4.15 4.67 4.25 4.02 4.21 4.55 4.43 3.97 3.80
Benchmarks
Payables Turnover, Competitors2
Cigna Group 6.41 5.86 5.63 5.92 6.75 6.76 6.92 7.18 7.31 7.44 7.44 7.89 7.68 7.71 7.60 7.74 7.75
CVS Health Corp. 20.22 20.14 21.49 22.40 20.36 19.73 21.32 22.08 18.07 18.75 19.22 19.38 19.14 18.49 20.72 20.50 19.72
Elevance Health Inc. 8.10 8.17 8.09 7.54 7.72 7.61 7.54 7.57 7.47 7.48 7.35 7.28 7.59 7.31 7.30 7.31 7.75
Intuitive Surgical Inc. 14.05 11.88 12.91 12.64 12.69 11.66 11.10 12.99 13.78 12.01 12.68 14.36 14.45 14.13 13.71 14.80 18.35
Medtronic PLC 4.65 5.60 5.09 4.84 4.03 4.68 4.60 4.62 4.46 5.14 5.41 5.67 4.98 5.56 5.19 5.56 4.72 4.96 4.84 4.89
UnitedHealth Group Inc. 7.72 7.64 7.77 7.28 7.47 7.11 7.08 6.86 7.26 7.07 6.90 6.78 7.63 6.98 6.97 6.58 7.29

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Payables turnover = (Cost of products sold, excluding amortization of intangible assetsQ4 2024 + Cost of products sold, excluding amortization of intangible assetsQ3 2024 + Cost of products sold, excluding amortization of intangible assetsQ2 2024 + Cost of products sold, excluding amortization of intangible assetsQ1 2024) ÷ Trade accounts payable
= (4,942 + 4,698 + 4,603 + 4,463) ÷ 4,195 = 4.46

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Abbott Laboratories payables turnover ratio increased from Q2 2024 to Q3 2024 but then slightly decreased from Q3 2024 to Q4 2024 not reaching Q2 2024 level.

Working Capital Turnover

Abbott Laboratories, working capital turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Current assets 23,656 23,802 23,119 22,376 22,670 22,664 23,505 24,377 25,224 24,845 24,956 23,429 24,239 23,492 22,627 21,817 20,441 17,390 17,221 15,498
Less: Current liabilities 14,157 14,902 13,760 14,021 13,841 13,042 14,350 14,530 15,489 13,365 12,392 12,647 13,105 12,867 12,614 12,462 11,907 10,257 10,959 10,808
Working capital 9,499 8,900 9,359 8,355 8,829 9,622 9,155 9,847 9,735 11,480 12,564 10,782 11,134 10,625 10,013 9,355 8,534 7,133 6,262 4,690
 
Net sales 10,974 10,635 10,377 9,964 10,241 10,143 9,978 9,747 10,091 10,410 11,257 11,895 11,468 10,928 10,223 10,456 10,701 8,853 7,328 7,726
Short-term Activity Ratio
Working capital turnover1 4.42 4.63 4.35 4.83 4.54 4.15 4.39 4.21 4.48 3.92 3.63 4.13 3.87 3.98 4.02 3.99 4.06
Benchmarks
Working Capital Turnover, Competitors2
Cigna Group
CVS Health Corp.
Elevance Health Inc. 7.85 6.87 6.92 8.59 7.83 7.92 7.69 7.60 8.37 9.11 8.85 8.65 7.23 6.79 6.67 5.38 6.39
Intuitive Surgical Inc. 1.56 1.42 1.23 1.17 1.14 0.95 1.03 1.15 1.29 1.21 1.17 1.26 1.22 1.17 1.03 0.88 0.77
Medtronic PLC 2.90 2.54 2.57 2.46 2.47 2.81 2.82 3.84 2.97 2.21 2.13 2.15 2.15 2.02 2.00 2.44 2.48 2.03 2.13 2.16
UnitedHealth Group Inc.

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Working capital turnover = (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024) ÷ Working capital
= (10,974 + 10,635 + 10,377 + 9,964) ÷ 9,499 = 4.42

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Abbott Laboratories working capital turnover ratio improved from Q2 2024 to Q3 2024 but then slightly deteriorated from Q3 2024 to Q4 2024 not reaching Q2 2024 level.

Average Inventory Processing Period

Abbott Laboratories, average inventory processing period calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data
Inventory turnover 3.02 2.69 2.67 2.65 2.74 2.71 2.62 2.77 3.10 3.37 3.24 3.36 3.59 3.47 3.27 2.99 2.99
Short-term Activity Ratio (no. days)
Average inventory processing period1 121 136 136 138 133 135 139 132 118 108 113 109 102 105 111 122 122
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Cigna Group 13 11 12 12 15 12 13 12 14 12 11 11 12 10 10 10 11
CVS Health Corp. 21 20 19 19 22 22 22 24 26 25 25 27 27 27 27 29 31
Intuitive Surgical Inc. 200 208 201 193 186 183 166 162 161 155 139 130 122 126 129 138 147
Medtronic PLC 170 187 190 191 180 190 183 174 166 161 153 148 150 163 166 174 164 156 155 154

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.02 = 121

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.

Average Receivable Collection Period

Abbott Laboratories, average receivable collection period calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data
Receivables turnover 6.06 5.85 5.94 6.11 6.11 6.15 6.52 6.89 7.02 7.03 6.33 6.20 6.64 6.61 6.58 6.13 5.40
Short-term Activity Ratio (no. days)
Average receivable collection period1 60 62 61 60 60 59 56 53 52 52 58 59 55 55 55 60 68
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
CVS Health Corp. 36 36 33 33 36 35 32 31 31 31 32 32 31 32 32 32 30
Elevance Health Inc. 20 18 21 23 20 20 19 22 19 19 19 22 18 19 19 21 19
Intuitive Surgical Inc. 54 53 53 56 58 51 50 53 55 51 51 56 50 46 49 52 54
Medtronic PLC 69 67 68 67 70 70 67 62 64 63 63 63 66 68 70 64 59 73 72 70
UnitedHealth Group Inc. 21 19 22 26 21 21 19 25 20 20 22 23 18 19 20 22 18

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 6.06 = 60

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Abbott Laboratories number of days of receivables outstanding deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Operating Cycle

Abbott Laboratories, operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data
Average inventory processing period 121 136 136 138 133 135 139 132 118 108 113 109 102 105 111 122 122
Average receivable collection period 60 62 61 60 60 59 56 53 52 52 58 59 55 55 55 60 68
Short-term Activity Ratio
Operating cycle1 181 198 197 198 193 194 195 185 170 160 171 168 157 160 166 182 190
Benchmarks
Operating Cycle, Competitors2
CVS Health Corp. 57 56 52 52 58 57 54 55 57 56 57 59 58 59 59 61 61
Intuitive Surgical Inc. 254 261 254 249 244 234 216 215 216 206 190 186 172 172 178 190 201
Medtronic PLC 239 254 258 258 250 260 250 236 230 224 216 211 216 231 236 238 223 229 227 224

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 121 + 60 = 181

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Abbott Laboratories operating cycle deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Average Payables Payment Period

Abbott Laboratories, average payables payment period calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data
Payables turnover 4.46 4.54 4.42 4.33 4.19 4.55 4.28 4.44 4.15 4.67 4.25 4.02 4.21 4.55 4.43 3.97 3.80
Short-term Activity Ratio (no. days)
Average payables payment period1 82 80 83 84 87 80 85 82 88 78 86 91 87 80 82 92 96
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Cigna Group 57 62 65 62 54 54 53 51 50 49 49 46 48 47 48 47 47
CVS Health Corp. 18 18 17 16 18 19 17 17 20 19 19 19 19 20 18 18 19
Elevance Health Inc. 45 45 45 48 47 48 48 48 49 49 50 50 48 50 50 50 47
Intuitive Surgical Inc. 26 31 28 29 29 31 33 28 26 30 29 25 25 26 27 25 20
Medtronic PLC 78 65 72 75 91 78 79 79 82 71 67 64 73 66 70 66 77 74 75 75
UnitedHealth Group Inc. 47 48 47 50 49 51 52 53 50 52 53 54 48 52 52 56 50

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 4.46 = 82

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Abbott Laboratories number of days of payables outstanding decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 not reaching Q2 2024 level.

Cash Conversion Cycle

Abbott Laboratories, cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data
Average inventory processing period 121 136 136 138 133 135 139 132 118 108 113 109 102 105 111 122 122
Average receivable collection period 60 62 61 60 60 59 56 53 52 52 58 59 55 55 55 60 68
Average payables payment period 82 80 83 84 87 80 85 82 88 78 86 91 87 80 82 92 96
Short-term Activity Ratio
Cash conversion cycle1 99 118 114 114 106 114 110 103 82 82 85 77 70 80 84 90 94
Benchmarks
Cash Conversion Cycle, Competitors2
CVS Health Corp. 39 38 35 36 40 38 37 38 37 37 38 40 39 39 41 43 42
Intuitive Surgical Inc. 228 230 226 220 215 203 183 187 190 176 161 161 147 146 151 165 181
Medtronic PLC 161 189 186 183 159 182 171 157 148 153 149 147 143 165 166 172 146 155 152 149

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 121 + 6082 = 99

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Abbott Laboratories cash conversion cycle deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.