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Co diagnostics Inc   (CODX)
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Co Diagnostics Inc Inventory Turnover Ratio (COS)

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

Co Diagnostics Inc inventory turnover ratio, the Co Diagnostics Inc 's ability to sell and replace its inventory in the forth quarter 2023, sequentially increased to 0.99 in the fourth quarter 2023, yet the ratio remained below the average, as CODX's market remain challenging.Average inventory processing period, for the Co Diagnostics Inc in Dec 31 2023 quarter, has decreased to 369 days, compare to 1043 days, in the Sep 30 2023 quarter.

Within Healthcare sector 206 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the IV Quarter 2023, to 1202, from total ranking in the third quarter 2023 at 1750.

CODX Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Co Diagnostics Inc Market Share?

What is Inventory Turnover Ratio?


CODX Inventory Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth -68.65 % -16.93 % -0.32 % 8.03 % 164.97 %
Y / Y Cost of Sales Growth 439.56 % -66.69 % -49.85 % -84.7 % -79.26 %
Inventory Turnover Ratio (TTM) 0.99 0.35 0.43 0.52 1.08
CODX's Total Ranking # 1202 # 1750 # 1705 # 1603 # 1892
Average inventory processing period 369 1044 843 701 339
Seq. Inventory Growth -63.17 % -3.64 % -11.4 % -0.3 % -2.41 %
Seq. Cost of Sales Growth 988.04 % -44.29 % -8.59 % -2.62 % -32.84 %



Inventory Turnover Ratio Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 96
Healthcare Sector # 207
Overall Market # 1202

Inventory Turnover Ratio Statistics
High Average Low
4.46 2.04 0.35
(Sep 30 2019)   (Sep 30 2023)




Financial Statements
Co Diagnostics Inc 's Inventories $ 2 Millions Visit CODX's Balance sheet
Co Diagnostics Inc 's Cost of Revenues TTM $ 4 Millions Visit CODX's Income Statement
What are CODX's Sales? Visit CODX's Sales by Segment

Other Inventory Turnover Ratios
Co Diagnostics 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
CODX'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 CODX's Competitors
Inventory Turnover Ratio for CODX's Suppliers
Inventory Turnover Ratio for CODX's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Healthcare Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Hutchmed china Limited  6.61 $ 331.984  Millions$ 50  Millions
Cardiff Lexington Corporation  6.59 $ 3.561  Millions$ 1  Millions
Fonar Corporation  6.39 $ 17.389  Millions$ 3  Millions
Veracyte inc   6.25 $ 88.913  Millions$ 14  Millions
Star Equity Holdings Inc   6.12 $ 33.859  Millions$ 6  Millions
Patterson Companies Inc   5.96 $ 5,166.391  Millions$ 867  Millions
Avantor Inc   5.30 $ 4,603.400  Millions$ 868  Millions
Lifemd Inc   5.28 $ 18.000  Millions$ 3  Millions
Incyte Corporation  5.18 $ 254.990  Millions$ 49  Millions
Enzo Biochem Inc  5.13 $ 49.539  Millions$ 10  Millions
Abbvie inc   5.11 $ 20,415.000  Millions$ 3,992  Millions
Integer Holdings Corporation  5.09 $ 1,178.000  Millions$ 232  Millions
Exact Sciences Corporation  5.08 $ 654.248  Millions$ 129  Millions
Cytosorbents Corporation  4.99 $ 13.000  Millions$ 3  Millions
Warby Parker Inc   4.86 $ 304.000  Millions$ 63  Millions
Cryoport inc   4.84 $ 133.923  Millions$ 28  Millions
Twist Bioscience Corporation  4.84 $ 168.474  Millions$ 35  Millions
Henry Schein Inc  4.58 $ 8,478.000  Millions$ 1,852  Millions
Catalyst Pharmaceuticals Inc   4.54 $ 51.967  Millions$ 11  Millions
Vericel Corporation  4.51 $ 61.940  Millions$ 14  Millions
Ufp Technologies Inc   4.42 $ 287.000  Millions$ 65  Millions
Precision Optics Corporation Inc   4.41 $ 13.019  Millions$ 3  Millions
Catalent Inc   4.35 $ 3,363.000  Millions$ 773  Millions
Bristol myers Squibb Company  4.25 $ 10,693.000  Millions$ 2,517  Millions
Integrated Biopharma Inc  4.25 $ 45.487  Millions$ 11  Millions
Blueprint Medicines Corporation  4.20 $ 75.795  Millions$ 18  Millions
Escalon Medical Corp   4.16 $ 6.730  Millions$ 2  Millions
West Pharmaceutical Services Inc   4.13 $ 1,820.000  Millions$ 441  Millions
Inspire Medical Systems inc   3.98 $ 96.000  Millions$ 24  Millions
Envista Holdings Corporation  3.94 $ 1,126.000  Millions$ 285  Millions

Date modified: 2024-03-17T12:44:14+00:00



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