Axonics Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the third quarter 2024, Axonics Inc 's inventory turnover ratio sequentially decreased to 1.02 in the third quarter 2024, unsurprisingly, as the Axonics Inc markets continue to deteriorate, and AXNX's faces growing challenges to bring down its inventories. Axonics Inc 's average inventory processing period in the Sep 30 2024 quarter, has increased to 358 days, from 332 days, in the Jun 30 2024 quarter.

Within Healthcare sector 340 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1284 in the second quarter 2024, to 1388.

AXNX Inventory Turnover Ratio using Sales Formula
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What is Inventory Turnover Ratio?

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AXNX Inventory Turnover Ratio	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter
Y / Y Inventory Growth	52 %	50.43 %	41.05 %	43.35 %	29.54 %
Y / Y Cost of Sales Growth	13.04 %	10.11 %	21.21 %	18.28 %	20.27 %
Inventory Turnover Ratio (TTM)	1.02	1.1	1.19	1.25	1.3
AXNX's Total Ranking	# 1388	# 1284	# 298	# 298	# 298
Average inventory processing period	358	332	306	292	280
Seq. Inventory Growth	8 %	13.14 %	16.57 %	6.72 %	6.89 %
Seq. Cost of Sales Growth	4 %	13.64 %	-18.96 %	18.03 %	1.3 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Medical Equipment & Supplies Industry	# 153
Healthcare Sector	# 341
Overall Market	# 1388

Inventory Turnover Ratio Statistics
High	Average	Low
1.33	1.02	0
(Sep 30 2020)		(Sep 30 2018)

AXNX Company Profile >> Back to AXNX Efficiency Comparisons >> Compare AXNX Inventory Turnover Ratio to its Competitors

Financial Statements
Axonics Inc 's Inventories	$ 114 Millions	Visit AXNX's Balance sheet
Axonics Inc 's Cost of Revenues TTM	$ 100 Millions	Visit AXNX's Income Statement
What are AXNX's Sales?		Visit AXNX's Sales by Segment

Other Inventory Turnover Ratios
Axonics Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Medical Equipment & Supplies Industry Inventory Turnover Trends and Statistics
Healthcare Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
AXNX's Inventory Turnover Ratio versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for AXNX's Competitors
Inventory Turnover Ratio for AXNX's Suppliers
Inventory Turnover Ratio for AXNX's Customers

You may also want to know
AXNX's Sales Growth Rates	AXNX's Pe Price to earnings ratio	AXNX's Receivables Turnover Ratio	AXNX's Stock Quote
AXNX's Net Income Growth Rates	AXNX's Ps Price to Sales ratio	AXNX's Sales per Employee	AXNX's Asset Turnover Ratio
AXNX's Net Margin	AXNX's Pb Price to Book ratio	AXNX's Financial Strength Ratios	AXNX's Dividend Payout Ratio

Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2024, within Healthcare Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Sep 30 2024	Inventories at quarter ending Sep 30 2024
Revvity Inc	2.40	$ 990.905 Millions	$ 412 Millions
Merck and Co Inc	2.39	$ 15,277.000 Millions	$ 6,395 Millions
Evofem Biosciences Inc	2.37	$ 3.276 Millions	$ 1 Millions
United Therapeutics Corporation	2.37	$ 304.800 Millions	$ 129 Millions
Biomerica Inc	2.36	$ 5.021 Millions	$ 2 Millions
Viatris Inc	2.36	$ 9,043.400 Millions	$ 3,830 Millions
Ocular Therapeutix Inc	2.35	$ 5.782 Millions	$ 2 Millions
Pmgc Holdings Inc	2.34	$ 1.840 Millions	$ 1 Millions
Enzo Biochem Inc	2.34	$ 16.605 Millions	$ 7 Millions
Embecta Corp	2.34	$ 387.000 Millions	$ 166 Millions
Journey Medical Corp	2.33	$ 24.657 Millions	$ 11 Millions
Tenon Medical Inc	2.33	$ 1.398 Millions	$ 1 Millions
Mimedx Group Inc	2.32	$ 54.998 Millions	$ 24 Millions
Merit Medical Systems Inc	2.32	$ 703.550 Millions	$ 304 Millions
Emergent Biosolutions Inc	2.29	$ 746.200 Millions	$ 326 Millions
Icu Medical Inc	2.26	$ 1,571.645 Millions	$ 694 Millions
Bio techne Corp	2.25	$ 403.580 Millions	$ 179 Millions
Resmed Inc	2.25	$ 2,003.000 Millions	$ 892 Millions
Waters Corporation	2.23	$ 1,170.045 Millions	$ 524 Millions
Standard Biotools Inc	2.21	$ 80.797 Millions	$ 37 Millions
Immucell Corporation	2.19	$ 16.266 Millions	$ 7 Millions
Surmodics Inc	2.19	$ 33.026 Millions	$ 15 Millions
Phathom Pharmaceuticals Inc	2.18	$ 4.325 Millions	$ 2 Millions
Bluebird Bio Inc	2.17	$ 76.223 Millions	$ 35 Millions
Inspire Medical Systems inc	2.16	$ 112.860 Millions	$ 52 Millions
Eyepoint Inc	2.16	$ 2.896 Millions	$ 1 Millions
Medtronic Plc	2.16	$ 11,534.000 Millions	$ 5,351 Millions
Astrotech Corp	2.14	$ 0.696 Millions	$ 0 Millions
Veru Inc	2.14	$ 11.000 Millions	$ 5 Millions
Cutera Inc	2.12	$ 145.000 Millions	$ 68 Millions

Date modified: 2026-09-08T15:22:13+00:00

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