What is ResMed's work in process?

ResMed (RMD) reported work in process of $1.99M in Q1 2026.

How has ResMed's work in process changed year-over-year?

ResMed's work in process decreased by 39.3% year-over-year, from $3.28M to $1.99M.

What is the long-term trend for ResMed's work in process?

Over 4 years (2021 to 2025), ResMed's work in process has grown at a -13.9% compound annual growth rate (CAGR), from $4.65M to $2.55M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

ResMed RMD Work in process

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——

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——

Other financials

Income statement

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Revenue$1.4B+10.8%

Gross profit$891.0M+16.3%

Operating income$499.8M+17.3%

Net income$398.7M+9.2%

EPS (diluted)$2.74+10.5%

Balance sheet

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Cash & equivalents$1.7B+78.0%

Total debt$1.1B+29.8%

Total equity$6.5B+17.1%

Total assets$8.8B+16.1%

Cash flow

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Operating cash flow$554.1M-4.2%

CapEx$33.7M+61.8%

Free cash flow$520.5M-6.7%

Valuation

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Market cap$28.27B-19.1%

Enterprise value$27.71B-19.8%

P/E18.6×-6.3×

P/S5.1×-1.7×

Profitability

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Gross margin61.6%+2.8pp

Operating margin34.2%+2.1pp

Net margin27.4%+1.3pp

FCF margin31.7%+0.4pp

Returns & leverage

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Return on equity25.2%-0.6pp

Debt / equity0.2×0.0×

Current ratio3×-0.4×

Where this comes from

Reported directly by ResMed in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: ResMed’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ResMed's work in process?: ResMed (RMD) reported work in process of $1.99M in Q1 2026.
How has ResMed's work in process changed year-over-year?: ResMed's work in process decreased by 39.3% year-over-year, from $3.28M to $1.99M.
What is the long-term trend for ResMed's work in process?: Over 4 years (2021 to 2025), ResMed's work in process has grown at a -13.9% compound annual growth rate (CAGR), from $4.65M to $2.55M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.