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Quest Diagnostics Inc  (DGX)
Other Ticker:  
 
    Sector  Healthcare    Industry Medical Laboratories
   Industry Medical Laboratories
   Sector  Healthcare
 

Quest Diagnostics Inc Inventory Turnover Ratio (COS)

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

Quest Diagnostics Inc inventory turnover ratio, the Quest Diagnostics Inc's ability to sell and replace its inventory in the second quarter 2024, sequentially increased to 34.09 in the second quarter 2024, yet the ratio remained below the average, as DGX's market remain challenging.Average processing period, for Quest Diagnostics Inc's inventories remained unchanged at 11 days, in the Jun 30 2024 quarter.

Within Healthcare sector 3 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 4 in the first quarter 2024, to 7.

DGX Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Quest Diagnostics Inc Market Share?

What is Inventory Turnover Ratio?


DGX Inventory Turnover Ratio (Jun 30 2024)
II. Quarter
(Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
Y / Y Inventory Growth -1.09 % -4.74 % -1.04 % 0.55 % -1.6 %
Y / Y Cost of Sales Growth 3.04 % 2.24 % -1.46 % -4.76 % -4.03 %
Inventory Turnover Ratio (TTM) 34.09 33.74 33.15 33.18 33.64
DGX's Total Ranking # 7 # 4 # 37 # 7 # 11
Average inventory processing period 11 11 11 11 11
Seq. Inventory Growth 0.55 % -4.74 % 3.26 % 0 % -3.16 %
Seq. Cost of Sales Growth -0.13 % 2.77 % 0.71 % -0.32 % -0.9 %



Inventory Turnover Ratio Company Ranking
Within: No.
Medical Laboratories Industry # 0
Healthcare Sector # 4
Overall Market # 7

Inventory Turnover Ratio Statistics
High Average Low
58.33 45.25 30.61
(June 30. 2011)   (Jun 30 2021)




Financial Statements
Quest Diagnostics Inc's Inventories $ 182 Millions Visit DGX's Balance sheet
Quest Diagnostics Inc's Cost of Revenues TTM $ 6,281 Millions Visit DGX's Income Statement
What are DGX's Sales? Visit DGX's Sales by Segment

Other Inventory Turnover Ratios
Quest Diagnostics 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
DGX's Inventory Turnover Ratio versus Medical Laboratories Industry, Healthcare Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for DGX's Competitors
Inventory Turnover Ratio for DGX's Suppliers
Inventory Turnover Ratio for DGX's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Jun 30 2024, within Healthcare Sector Inventory Turnover Ratio Cost of revenues at quarter ending Jun 30 2024 Inventories at quarter ending Jun 30 2024
Healthcare Services Group Inc   80.01 $ 1,471.590  Millions$ 18  Millions
American Oncology Network Inc   43.23 $ 1,955.926  Millions$ 45  Millions
Quest Diagnostics Inc  34.09 $ 6,281.000  Millions$ 184  Millions
Harmony Biosciences Holdings inc   24.46 $ 134.212  Millions$ 5  Millions
Adapthealth Corp   23.76 $ 2,746.486  Millions$ 116  Millions
Teladoc Health Inc   22.99 $ 761.981  Millions$ 33  Millions
Vaso Corporation  21.59 $ 30.876  Millions$ 1  Millions
Precipio inc   18.48 $ 10.186  Millions$ 1  Millions
Labcorp Holdings Inc   18.09 $ 8,375.800  Millions$ 463  Millions
Viemed Healthcare Inc   17.78 $ 80.332  Millions$ 5  Millions
Semler Scientific inc   16.69 $ 6.998  Millions$ 0  Millions
The Oncology Institute Inc   15.54 $ 189.344  Millions$ 12  Millions
Natera Inc   15.02 $ 626.685  Millions$ 42  Millions
Option Care Health Inc   13.73 $ 3,599.914  Millions$ 262  Millions
Rockwell Medical inc   13.42 $ 78.000  Millions$ 6  Millions
Irhythm Technologies Inc   12.10 $ 175.245  Millions$ 14  Millions
Genedx Holdings Corp   10.69 $ 107.097  Millions$ 10  Millions
Novavax inc   10.55 $ 359.356  Millions$ 34  Millions
Infusystem Holdings Inc  10.18 $ 65.104  Millions$ 6  Millions
Myriad Genetics Inc   10.15 $ 248.200  Millions$ 24  Millions
Sotera Health Company  10.07 $ 491.913  Millions$ 49  Millions
Moderna Inc   9.78 $ 3,381.000  Millions$ 346  Millions
Vanda Pharmaceuticals Inc   9.52 $ 12.696  Millions$ 1  Millions
Prosomnus Inc   9.32 $ 16.742  Millions$ 2  Millions
Mangoceuticals Inc   9.10 $ 0.156  Millions$ 0  Millions
Bioaffinity Technologies Inc   8.91 $ 0.151  Millions$ 0  Millions
National Vision Holdings Inc   8.37 $ 941.265  Millions$ 113  Millions
Collegium Pharmaceutical inc   8.07 $ 253.365  Millions$ 31  Millions
Lantheus Holdings Inc   7.81 $ 509.239  Millions$ 65  Millions
23andme Holding Co  7.54 $ 109.000  Millions$ 14  Millions

Date modified: 2024-09-08T10:35:16+00:00



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