Novartis AG

Published by Stock Analysis on Net

Last updated: 2018-02-11 07:56:36

Inventory Turnover

2016 2015 2014 2013

Selected Financial Data

USD in millions

Cost of sales 17,520 17,404 17,345 16,579
Inventory, net 6,255 6,226 6,093 7,267

Ratio

Inventory turnover 2.80 2.80 2.85 2.28

2016 calculation:

Inventory turnover = Cost of sales ÷ Inventory, net
= 17,520 ÷ 6,255 = 2.80