Health Right Discoveries Inc (HRDV) Inventory Turnover Ratio, from third quarter 2020 to third quarter 2019, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Health right Discoveries Inc   (HRDV)
 

Health Right Discoveries Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the third quarter 2020, Health Right Discoveries Inc 's inventory turnover ratio sequentially decreased to 11.51 in the third quarter 2020, unsurprisingly, as the Health Right Discoveries Inc markets continue to deteriorate, and HRDV's faces growing challenges to bring down its inventories. Health Right Discoveries Inc 's average inventory processing period in the Sep 30 2020 quarter, has increased to 32 days, from 26 days, in the Jun 30 2020 quarter.

Within Healthcare sector 30 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 310 in the second quarter 2020, to 375.

HRDV Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Health Right Discoveries Inc Market Share?

What is Inventory Turnover Ratio?



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HRDV Inventory Turnover Ratio (Sep 30 2020)
III. Quarter		 (Jun 30 2020)
II. Quarter		 (Mar 31 2020)
I. Quarter		 (Dec 31 2019)
IV. Quarter		 (Sep 30 2019)
III. Quarter
Y / Y Inventory Growth -6.56 % -16.07 % -38.21 % -75.84 % -19.17 %
Y / Y Cost of Sales Growth -49.44 % -56.88 % -69.45 % - -38.48 %
Inventory Turnover Ratio (TTM) 11.51 14.26 17.3 19.77 13.01
HRDV's Total Ranking # 375 # 310 # 375 # 374 # 375
Average inventory processing period 32 26 21 18 28
Seq. Inventory Growth 69.3 % -10.09 % 89.98 % -67.69 % 52.05 %
Seq. Cost of Sales Growth 9.34 % 16.03 % -11.18 % -55.13 % -6.76 %




Inventory Turnover Ratio Company Ranking
Within: No.
Major Pharmaceutical Preparations Industry # 8
Healthcare Sector # 31
Overall Market # 375

Inventory Turnover Ratio Statistics
High Average Low
32.09 17.87 11.51
(Sep 30 2018)   (Sep 30 2020)



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

Financial Statements
Health Right Discoveries Inc 's Inventories $ 0 Millions Visit HRDV's Balance sheet
Health Right Discoveries Inc 's Cost of Revenues TTM $ 0 Millions Visit HRDV's Income Statement
What are HRDV's Sales? Visit HRDV's Sales by Segment

Other Inventory Turnover Ratios
Health Right Discoveries Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Major Pharmaceutical Preparations Industry Inventory Turnover Trends and Statistics
Healthcare Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
HRDV's Inventory Turnover Ratio versus Major Pharmaceutical Preparations Industry, Healthcare Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for HRDV's Competitors
Inventory Turnover Ratio for HRDV's Suppliers
Inventory Turnover Ratio for HRDV's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2020, within Healthcare Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2020 Inventories at quarter ending Sep 30 2020
Option Care Health Inc   20.02 $ 2,800.550  Millions$ 140  Millions
Precipio inc   18.77 $ 4.185  Millions$ 0  Millions
Collegium Pharmaceutical Inc   18.23 $ 280.595  Millions$ 15  Millions
Fortress Biotech Inc   16.73 $ 16.259  Millions$ 1  Millions
Rennova Health Inc   16.33 $ 10.802  Millions$ 1  Millions
Rockwell Medical inc   14.43 $ 59.072  Millions$ 4  Millions
Irhythm Holdings Inc   13.96 $ 63.924  Millions$ 5  Millions
Star Equity Holdings Inc   12.71 $ 96.458  Millions$ 8  Millions
Puma Biotechnology Inc   12.34 $ 38.576  Millions$ 3  Millions
Musclepharm Corporation  12.12 $ 49.406  Millions$ 4  Millions
Wearable Health Solutions, Inc.  11.83 $ 0.307  Millions$ 0  Millions
Smiledirectclub Inc   11.66 $ 295.268  Millions$ 25  Millions
Health right Discoveries Inc   11.51 $ 0.232  Millions$ 0  Millions
Viemed Healthcare Inc   10.52 $ 32.856  Millions$ 3  Millions
Natera Inc   10.50 $ 170.603  Millions$ 16  Millions
Grapefruit Usa Inc   10.50 $ 3.097  Millions$ 0  Millions
Scienture Holdings Inc   10.28 $ 10.000  Millions$ 1  Millions
Advanced Container Technologies Inc   9.82 $ 1.045  Millions$ 0  Millions
Infusystem Holdings Inc  9.81 $ 37.677  Millions$ 4  Millions
Biocept Inc   9.50 $ 14.196  Millions$ 1  Millions
Vanda Pharmaceuticals Inc   9.39 $ 12.123  Millions$ 1  Millions
Opko Health Inc   9.24 $ 647.850  Millions$ 70  Millions
Biora Therapeutics Inc   9.05 $ 72.006  Millions$ 8  Millions
Charles River Laboratories International inc   8.81 $ 1,482.624  Millions$ 168  Millions
Cryo cell International Inc   8.73 $ 9.696  Millions$ 1  Millions
Castle Biosciences Inc   8.70 $ 12.613  Millions$ 1  Millions
Incyte Corporation  8.67 $ 127.220  Millions$ 15  Millions
Biotricity Inc   8.45 $ 1.111  Millions$ 0  Millions
Steris Plc  8.31 $ 1,711.298  Millions$ 206  Millions
Vbi Vaccines Inc  8.14 $ 9.333  Millions$ 1  Millions

Date modified: 2023-03-23T15:06:34+00:00




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