Castle Biosciences Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the forth quarter 2023, Castle Biosciences Inc 's inventory turnover ratio sequentially decreased to 7.39 in the fourth quarter 2023, unsurprisingly, as the Castle Biosciences Inc markets continue to deteriorate, and CSTL's faces growing challenges to bring down its inventories. Castle Biosciences Inc 's average inventory processing period in the Dec 31 2023 quarter, has increased to 49 days, from 37 days, in the Sep 30 2023 quarter.

Within Healthcare sector 34 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 183 in the third quarter 2023, to 261.

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

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CSTL 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	99.55 %	51.74 %	81.9 %	92.34 %	96.93 %
Y / Y Cost of Sales Growth	-30.47 %	47.27 %	86.04 %	121.49 %	297.07 %
Inventory Turnover Ratio (TTM)	7.39	9.89	10.16	10.64	10.7
CSTL's Total Ranking	# 261	# 183	# 121	# 333	# 202
Average inventory processing period	49	37	36	34	34
Seq. Inventory Growth	37.67 %	-5.75 %	35.42 %	13.57 %	4.68 %
Seq. Cost of Sales Growth	9.75 %	2.36 %	8.6 %	-43.02 %	132.47 %

New: More CSTL's historic Inventory Turnover Ratios >>

Inventory Turnover Ratio Company Ranking
Within:	No.
Medical Laboratories Industry	# 7
Healthcare Sector	# 35
Overall Market	# 261

Inventory Turnover Ratio Statistics
High	Average	Low
10.7	7.73	3.63
(Dec 31 2022)		(Dec 31 2019)

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

Financial Statements
Castle Biosciences Inc 's Inventories	$ 8 Millions	Visit CSTL's Balance sheet
Castle Biosciences Inc 's Cost of Revenues TTM	$ 45 Millions	Visit CSTL's Income Statement
What are CSTL's Sales?		Visit CSTL's Sales by Segment

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

You may also want to know
CSTL's Sales Growth Rates	CSTL's Pe Price to earnings ratio	CSTL's Receivables Turnover Ratio	CSTL's Stock Quote
CSTL's Net Income Growth Rates	CSTL's Ps Price to Sales ratio	CSTL's Sales per Employee	CSTL's Asset Turnover Ratio
CSTL's Net Margin	CSTL's Pb Price to Book ratio	CSTL's Financial Strength Ratios	CSTL'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
The Oncology Institute Inc	15.00	$ 181.017 Millions	$ 12 Millions
Semler Scientific Inc	14.92	$ 6.984 Millions	$ 0 Millions
Natera inc	14.16	$ 588.564 Millions	$ 42 Millions
Aspira Women s Health Inc	14.13	$ 3.892 Millions	$ 0 Millions
Vanda Pharmaceuticals Inc	13.01	$ 14.796 Millions	$ 1 Millions
Option Care Health Inc	12.80	$ 3,321.000 Millions	$ 259 Millions
Eton Pharmaceuticals Inc	12.44	$ 10.000 Millions	$ 1 Millions
Irhythm Technologies Inc	10.94	$ 160.000 Millions	$ 15 Millions
Lantheus Holdings Inc	10.93	$ 586.000 Millions	$ 54 Millions
Sotera Health Company	10.78	$ 472.000 Millions	$ 44 Millions
Genedx Holdings Corp	10.67	$ 112.000 Millions	$ 10 Millions
Infusystem Holdings Inc	10.51	$ 62.676 Millions	$ 6 Millions
Myriad Genetics Inc	10.34	$ 236.200 Millions	$ 23 Millions
Earth Science Tech Inc	10.26	$ 1.843 Millions	$ 0 Millions
23andme Holding Co	10.20	$ 134.395 Millions	$ 13 Millions
Prosomnus Inc	9.48	$ 13.641 Millions	$ 1 Millions
Moderna Inc	8.79	$ 4,693.000 Millions	$ 534 Millions
Collegium Pharmaceutical Inc	8.76	$ 274.730 Millions	$ 31 Millions
National Vision Holdings Inc	8.26	$ 1,000.910 Millions	$ 121 Millions
Novavax inc	8.14	$ 343.768 Millions	$ 42 Millions
Bionexus Gene Lab Corp	7.83	$ 8.441 Millions	$ 1 Millions
Charles River Laboratories International inc	7.52	$ 2,295.983 Millions	$ 305 Millions
Castle Biosciences Inc	7.39	$ 44.982 Millions	$ 6 Millions
Alimera Sciences Inc	7.34	$ 10.837 Millions	$ 1 Millions
Hims and Hers Health Inc	7.25	$ 157.000 Millions	$ 22 Millions
Owens and Minor inc	7.06	$ 8,208.000 Millions	$ 1,163 Millions
Kewaunee Scientific Corporation	6.88	$ 150.625 Millions	$ 22 Millions
Prophase Labs Inc	6.66	$ 28.000 Millions	$ 4 Millions
Hutchmed china Limited	6.61	$ 331.984 Millions	$ 50 Millions
Cardiff Lexington Corporation	6.59	$ 3.561 Millions	$ 1 Millions

Date modified: 2024-02-29T17:00:32+00:00

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