Dermtech Inc Inventory Turnover Ratio (COS)

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

Dermtech Inc inventory turnover ratio, the Dermtech Inc 's ability to sell and replace its inventory in the first quarter 2024, sequentially increased to 11.39 in the first quarter 2024, yet the ratio remained below the average, as DMTK's market remain challenging.Average inventory processing period, for the Dermtech Inc in Mar 31 2024 quarter, has decreased to 32 days, compare to 35 days, in the Dec 31 2023 quarter.

Within Healthcare sector 26 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 193 in the fourth quarter 2023, to 301.

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

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DMTK Inventory Turnover Ratio	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter
Y / Y Inventory Growth	-47.2 %	-42.86 %	-14.02 %	-5.59 %	106.29 %
Y / Y Cost of Sales Growth	-21.49 %	4 %	-18.79 %	-8.34 %	7.51 %
Inventory Turnover Ratio (TTM)	11.39	10.38	8.96	9.13	9.19
DMTK's Total Ranking	# 301	# 193	# 224	# 223	#
Average inventory processing period	32	35	41	40	40
Seq. Inventory Growth	-17.23 %	-16.05 %	-11.54 %	-14.1 %	-10.42 %
Seq. Cost of Sales Growth	-13.89 %	16.13 %	0 %	-21.49 %	14.06 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Medical Laboratories Industry	# 4
Healthcare Sector	# 27
Overall Market	# 301

Inventory Turnover Ratio Statistics
High	Average	Low
100.46	30.99	8.96
(Jun 30 2020)		(Sep 30 2023)

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

Financial Statements
Dermtech Inc 's Inventories	$ 1 Millions	Visit DMTK's Balance sheet
Dermtech Inc 's Cost of Revenues TTM	$ 12 Millions	Visit DMTK's Income Statement
What are DMTK's Sales?		Visit DMTK's Sales by Segment

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

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

Companies with similar Inventory Turnover Ratio for the quarter ending Mar 31 2024, within Healthcare Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Mar 31 2024	Inventories at quarter ending Mar 31 2024
Quest Diagnostics Inc	33.74	$ 6,234.000 Millions	$ 185 Millions
Adapthealth Corp	24.18	$ 2,740.910 Millions	$ 113 Millions
Harmony Biosciences Holdings inc	24.05	$ 127.220 Millions	$ 5 Millions
Earth Science Tech Inc	23.23	$ 3.712 Millions	$ 0 Millions
Teladoc Health Inc	23.21	$ 764.462 Millions	$ 33 Millions
Vaso Corporation	20.59	$ 30.740 Millions	$ 1 Millions
Qhslab Inc	19.17	$ 0.652 Millions	$ 0 Millions
Aurinia Pharmaceuticals Inc	19.16	$ 21.479 Millions	$ 1 Millions
Precipio inc	18.43	$ 9.623 Millions	$ 1 Millions
Labcorp Holdings Inc	17.43	$ 8,272.800 Millions	$ 475 Millions
Bespoke Extracts Inc	17.01	$ 0.521 Millions	$ 0 Millions
Viemed Healthcare Inc	16.66	$ 75.464 Millions	$ 5 Millions
Semler Scientific inc	15.75	$ 6.962 Millions	$ 0 Millions
The Oncology Institute Inc	15.15	$ 187.700 Millions	$ 12 Millions
Aspira Women s Health inc	14.31	$ 3.706 Millions	$ 0 Millions
Natera Inc	14.19	$ 597.814 Millions	$ 42 Millions
Option Care Health Inc	13.36	$ 3,441.157 Millions	$ 258 Millions
Acadia Pharmaceuticals Inc	13.33	$ 62.922 Millions	$ 5 Millions
Rockwell Medical inc	13.12	$ 76.223 Millions	$ 6 Millions
Opko Health Inc	12.99	$ 869.844 Millions	$ 67 Millions
Bioaffinity Technologies Inc	12.67	$ 0.152 Millions	$ 0 Millions
Intelgenx Technologies Corp	12.44	$ 1.269 Millions	$ 0 Millions
Irhythm Holdings Inc	11.81	$ 168.245 Millions	$ 14 Millions
Sunlink Health Systems Inc	11.55	$ 18.800 Millions	$ 2 Millions
Dermtech Inc	11.39	$ 12.484 Millions	$ 1 Millions
Vanda Pharmaceuticals Inc	10.88	$ 13.462 Millions	$ 1 Millions
Sotera Health Company	10.77	$ 483.913 Millions	$ 45 Millions
Agile Therapeutics Inc	10.67	$ 30.497 Millions	$ 3 Millions
Genedx Holdings Corp	10.57	$ 109.097 Millions	$ 10 Millions
Infusystem Holdings Inc	10.37	$ 63.367 Millions	$ 6 Millions

Date modified: 2026-09-08T17:26:12+00:00

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