Luna Innovations Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the third quarter 2023, Luna Innovations Inc's inventory turnover ratio sequentially decreased to 1.17 in the third quarter 2023, unsurprisingly, as the Luna Innovations Inc markets continue to deteriorate, and LUNA's faces growing challenges to bring down its inventories. Luna Innovations Inc's average inventory processing period in the Sep 30 2023 quarter, has increased to 312 days, from 294 days, in the Jun 30 2023 quarter.

Within Healthcare sector 329 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1488 in the second quarter 2023, to 1537.

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

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LUNA 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	33.7 %	36.58 %	37.33 %	62.64 %	27.81 %
Y / Y Cost of Sales Growth	6.26 %	17.66 %	22.8 %	22.4 %	57.96 %
Inventory Turnover Ratio (TTM)	1.17	1.24	1.29	1.34	1.42
LUNA's Total Ranking	# 1537	# 1488	# 1556	# 1852	#
Average inventory processing period	311	295	284	273	257
Seq. Inventory Growth	3.13 %	5.87 %	8.45 %	12.91 %	5.35 %
Seq. Cost of Sales Growth	8.33 %	19.14 %	-18.54 %	1.07 %	19.95 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Medical Laboratories Industry	# 17
Healthcare Sector	# 330
Overall Market	# 1537

Inventory Turnover Ratio Statistics
High	Average	Low
5.94	3.41	1.17
(Dec 31 2012)		(Sep 30 2023)

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

Financial Statements
Luna Innovations Inc's Inventories	$ 43 Millions	Visit LUNA's Balance sheet
Luna Innovations Inc's Cost of Revenues TTM	$ 47 Millions	Visit LUNA's Income Statement
What are LUNA's Sales?		Visit LUNA's Sales by Segment

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

You may also want to know
LUNA's Sales Growth Rates	LUNA's Pe Price to earnings ratio	LUNA's Receivables Turnover Ratio	LUNA's Stock Quote
LUNA's Net Income Growth Rates	LUNA's Ps Price to Sales ratio	LUNA's Sales per Employee	LUNA's Asset Turnover Ratio
LUNA's Net Margin	LUNA's Pb Price to Book ratio	LUNA's Financial Strength Ratios	LUNA'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
Somalogic Inc	3.01	$ 43.557 Millions	$ 14 Millions
Quidelortho Corp	2.90	$ 1,557.599 Millions	$ 537 Millions
Aytu Biopharma Inc	2.90	$ 37.377 Millions	$ 13 Millions
Mettler toledo International Inc	2.90	$ 1,188.193 Millions	$ 410 Millions
Avid Bioservices Inc	2.89	$ 121.815 Millions	$ 42 Millions
Illumina Inc	2.89	$ 1,722.000 Millions	$ 597 Millions
Elutia Inc	2.86	$ 26.390 Millions	$ 9 Millions
Dentsply Sirona Inc	2.86	$ 1,855.000 Millions	$ 649 Millions
Telesis Bio Inc	2.86	$ 9.023 Millions	$ 3 Millions
Tandem Diabetes Care Inc	2.86	$ 381.324 Millions	$ 133 Millions
Angiodynamics Inc	2.83	$ 162.768 Millions	$ 58 Millions
Amneal Pharmaceuticals Inc	2.81	$ 1,533.561 Millions	$ 547 Millions
Evolus Inc	2.79	$ 55.659 Millions	$ 20 Millions
Pfizer Inc	2.77	$ 27,041.000 Millions	$ 9,759 Millions
Iridex Corp	2.74	$ 29.531 Millions	$ 11 Millions
Msa Safety Inc	2.74	$ 924.000 Millions	$ 337 Millions
Waters Corporation	2.73	$ 1,225.053 Millions	$ 448 Millions
Abbott Laboratories	2.73	$ 18,012.000 Millions	$ 6,592 Millions
Merck and Co Inc	2.70	$ 16,095.000 Millions	$ 5,959 Millions
Hologic Inc	2.69	$ 1,788.500 Millions	$ 666 Millions
Electromedical Technologies Inc	2.68	$ 0.313 Millions	$ 0 Millions
Skinhealth Systems Inc	2.67	$ 280.806 Millions	$ 105 Millions
Zynex inc	2.67	$ 37.482 Millions	$ 14 Millions
Axsome Therapeutics Inc	2.66	$ 20.978 Millions	$ 8 Millions
Quanterix Corporation	2.66	$ 48.002 Millions	$ 18 Millions
Logicmark Inc	2.62	$ 3.271 Millions	$ 1 Millions
International Stem Cell Corporation	2.61	$ 3.454 Millions	$ 1 Millions
Amphastar Pharmaceuticals Inc	2.61	$ 275.164 Millions	$ 105 Millions
Perrigo Company Plc	2.60	$ 3,018.000 Millions	$ 1,163 Millions
Lifevantage Corp	2.58	$ 43.058 Millions	$ 17 Millions

Date modified: 2026-09-08T15:11:07+00:00

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