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Iradimed Corporation  (NASDAQ: IRMD)
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Iradimed Inventory Turnover Ratio (COS)

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

Iradimed's inventory turnover ratio, the ratio that measures Iradimed's ability to manage its supply chain, sequentially decreased to 1.34 in the third quarter 2024, which does not come as a surprise, as the Iradimed continue to experience headwinds, which also impact its supply chain. Iradimed's average inventory processing period in the Sep 30 2024 quarter, has increased to 272 days, from 261 days, in the Jun 30 2024 quarter.

Within Healthcare sector 281 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2024, to 1096, from total ranking in the second quarter 2024 at 1169.

IRMD Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Iradimed Corporation Market Share?

What is Inventory Turnover Ratio?


IRMD Inventory Turnover Ratio (Sep 30 2024)
III. Quarter
(Jun 30 2024)
II. Quarter
(Mar 31 2024)
I. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
Y / Y Inventory Growth 33.71 % 91.24 % 136.46 % 122.53 % 73.25 %
Y / Y Cost of Sales Growth 4.83 % 4.41 % 15.57 % 28.02 % 52.76 %
Inventory Turnover Ratio (TTM) 1.34 1.4 1.59 1.89 2.24
IRMD's Total Ranking # 1096 # 1169 # 537 # 645 #
Average inventory processing period 273 260 229 193 163
Seq. Inventory Growth -6.79 % -4.92 % 8.81 % 38.65 % 33.31 %
Seq. Cost of Sales Growth 5.48 % -6.91 % 14.81 % -7.01 % 5.07 %



Inventory Turnover Ratio Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 130
Healthcare Sector # 282
Overall Market # 1096

Inventory Turnover Ratio Statistics
High Average Low
2.51 1.89 1.27
(June 30. 2016)   (Sep 30 2017)




Financial Statements
Iradimed's Inventories $ 11 Millions Visit IRMD's Balance sheet
Iradimed's Cost of Revenues TTM $ 16 Millions Visit IRMD's Income Statement
What are IRMD's Sales? Visit IRMD's Sales by Segment

Other Inventory Turnover Ratios
Iradimed'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
IRMD'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 IRMD's Competitors
Inventory Turnover Ratio for IRMD's Suppliers
Inventory Turnover Ratio for IRMD's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2024, within Healthcare Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2024 Inventories at quarter ending Sep 30 2024
Adm Tronics Unlimited Inc   3.84 $ 1.622  Millions$ 0  Millions
Novabay Pharmaceuticals Inc   3.81 $ 4.493  Millions$ 1  Millions
Inmed Pharmaceuticals Inc  3.77 $ 4.447  Millions$ 1  Millions
Logicmark Inc  3.75 $ 3.299  Millions$ 1  Millions
Avenir Wellness Solutions Inc   3.67 $ 0.608  Millions$ 0  Millions
Bioaffinity Technologies Inc   3.66 $ 0.076  Millions$ 0  Millions
3m Company  3.64 $ 16,225.000  Millions$ 4,455  Millions
Tactile Systems Technology Inc   3.63 $ 75.622  Millions$ 21  Millions
Celularity Inc   3.62 $ 14.788  Millions$ 4  Millions
Koru Medical Systems Inc   3.62 $ 11.894  Millions$ 3  Millions
Gilead Sciences Inc   3.59 $ 6,760.000  Millions$ 1,884  Millions
Iovance Biotherapeutics inc   3.51 $ 82.817  Millions$ 24  Millions
Catalyst Pharmaceuticals Inc   3.42 $ 63.011  Millions$ 18  Millions
Novocure Limited  3.41 $ 136.271  Millions$ 40  Millions
Sanuwave Health Inc   3.40 $ 9.849  Millions$ 3  Millions
Ardelyx inc   3.39 $ 40.126  Millions$ 12  Millions
Transmedics Group Inc   3.37 $ 163.098  Millions$ 48  Millions
Cytosorbents Corporation  3.36 $ 12.604  Millions$ 4  Millions
Prestige Consumer Healthcare Inc   3.34 $ 497.000  Millions$ 149  Millions
T2 Biosystems Inc   3.33 $ 14.921  Millions$ 4  Millions
Electromed Inc   3.32 $ 13.341  Millions$ 4  Millions
Cadre Holdings inc   3.29 $ 294.870  Millions$ 90  Millions
Alnylam Pharmaceuticals Inc   3.22 $ 275.839  Millions$ 86  Millions
Lftd Partners Inc   3.17 $ 27.672  Millions$ 9  Millions
Beyond Air Inc   3.16 $ 6.128  Millions$ 2  Millions
Baxter International Inc   3.16 $ 8,601.000  Millions$ 2,725  Millions
Myomo Inc   3.09 $ 7.861  Millions$ 3  Millions
Becton Dickinson And Company  3.08 $ 11,053.000  Millions$ 3,590  Millions
Maravai Lifesciences Holdings Inc   3.02 $ 150.118  Millions$ 50  Millions
Intelligent Bio Solutions Inc   3.01 $ 2.510  Millions$ 1  Millions

Date modified: 2024-12-29T20:51:13+00:00



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