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Logicmark Inc   (LGMK)
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Logicmark Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the third quarter 2023, Logicmark Inc 's inventory turnover ratio sequentially decreased to 2.62 in the third quarter 2023, unsurprisingly, as the Logicmark Inc markets continue to deteriorate, and LGMK's faces growing challenges to bring down its inventories. Logicmark Inc 's average inventory processing period in the Sep 30 2023 quarter, has increased to 139 days, from 127 days, in the Jun 30 2023 quarter.

Within Healthcare sector 147 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2023, to 913, from total ranking in the second quarter 2023 at 936.

LGMK Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Logicmark Inc Market Share?

What is Inventory Turnover Ratio?


LGMK Inventory Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Inventory Growth 5.44 % 58.49 % 29.5 % 41.05 % 17.99 %
Y / Y Cost of Sales Growth -26.48 % -46.7 % -34.56 % -39.91 % -6.13 %
Inventory Turnover Ratio (TTM) 2.62 2.87 3.66 4.34 5.49
LGMK's Total Ranking # 913 # 936 # 795 # 890 # 666
Average inventory processing period 140 127 100 84 66
Seq. Inventory Growth 15.05 % -12.98 % -34.99 % 62.02 % 72.93 %
Seq. Cost of Sales Growth 5.87 % -23.22 % 14.59 % -21.07 % -23.26 %



Inventory Turnover Ratio Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 51
Healthcare Sector # 148
Overall Market # 913

Inventory Turnover Ratio Statistics
High Average Low
5.81 3.37 1.24
(Jun 30 2022)   (Dec 31 2016)




Financial Statements
Logicmark Inc 's Inventories $ 1 Millions Visit LGMK's Balance sheet
Logicmark Inc 's Cost of Revenues TTM $ 3 Millions Visit LGMK's Income Statement
What are LGMK's Sales? Visit LGMK's Sales by Segment

Other Inventory Turnover Ratios
Logicmark Inc '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
LGMK'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 LGMK's Competitors
Inventory Turnover Ratio for LGMK's Suppliers
Inventory Turnover Ratio for LGMK's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2023, within Healthcare Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2023 Inventories at quarter ending Sep 30 2023
Moderna Inc   7.88 $ 5,682.000  Millions$ 721  Millions
Kewaunee Scientific Corporation  7.68 $ 167.116  Millions$ 22  Millions
Star Equity Holdings Inc   7.56 $ 55.456  Millions$ 7  Millions
Prophase Labs Inc   7.39 $ 31.323  Millions$ 4  Millions
Prosomnus Inc   7.34 $ 8.000  Millions$ 1  Millions
Genedx Holdings Corp   7.24 $ 84.903  Millions$ 12  Millions
Hims and Hers Health Inc   6.92 $ 148.211  Millions$ 21  Millions
Nutriband Inc   6.89 $ 1.278  Millions$ 0  Millions
Cardiff Lexington Corporation  6.84 $ 3.694  Millions$ 1  Millions
Owens and Minor inc  6.78 $ 8,265.530  Millions$ 1,219  Millions
Alimera Sciences Inc   6.63 $ 9.336  Millions$ 1  Millions
Universe Pharmaceuticals Inc  6.58 $ 21.994  Millions$ 3  Millions
Fonar Corporation  6.29 $ 16.810  Millions$ 3  Millions
Societal Cdmo Inc   6.29 $ 73.913  Millions$ 12  Millions
Inogen Inc   6.26 $ 199.843  Millions$ 32  Millions
Veracyte inc   6.12 $ 84.202  Millions$ 14  Millions
Dmk Pharmaceuticals Corporation  6.04 $ 4.875  Millions$ 1  Millions
Opko Health Inc   6.02 $ 439.790  Millions$ 73  Millions
Patterson Companies Inc   5.89 $ 5,159.279  Millions$ 876  Millions
Carlisle Companies Incorporated  5.76 $ 3,633.900  Millions$ 631  Millions
Incyte Corporation  5.55 $ 244.402  Millions$ 44  Millions
Cytosorbents Corporation  5.50 $ 14.030  Millions$ 3  Millions
Acadia Pharmaceuticals Inc   5.39 $ 26.161  Millions$ 5  Millions
Avantor Inc   5.21 $ 4,631.500  Millions$ 890  Millions
Enzo Biochem Inc  5.18 $ 60.289  Millions$ 12  Millions
Integer Holdings Corporation  5.14 $ 1,149.859  Millions$ 224  Millions
Catalyst Pharmaceuticals Inc   5.13 $ 47.353  Millions$ 9  Millions
Exact Sciences Corporation  4.98 $ 629.535  Millions$ 126  Millions
Abbvie inc   4.89 $ 18,881.000  Millions$ 3,862  Millions
Inspire Medical Systems inc   4.85 $ 90.292  Millions$ 19  Millions

Date modified: 2023-11-12T09:19:41+00:00



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