Novan Inc Inventory Turnover Ratio (COS)

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

Novan Inc inventory turnover ratio, the Novan Inc 's ability to sell and replace its inventory in the first quarter 2023, sequentially increased to 6.7 in the first quarter 2023, a new company high. Average inventory processing period, for the Novan Inc in Mar 31 2023 quarter, has decreased to 54 days, compare to 67 days, in the Dec 31 2022 quarter.

Within Healthcare sector 56 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the I Quarter 2023, to 541, from total ranking in the fourth quarter 2022 at 762.

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

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NOVN Inventory Turnover Ratio	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter	(Jun 30 2022) II. Quarter	(Mar 31 2022) I. Quarter
Y / Y Inventory Growth	-24.49 %	-	-	-	-
Y / Y Cost of Sales Growth	523.79 %	-	-	-	-
Inventory Turnover Ratio (TTM)	6.7	5.45	4.04	3.71	0.56
NOVN's Total Ranking	# 541	# 762	# 0	# 0	# 0
Average inventory processing period	54	67	90	98	655
Seq. Inventory Growth	-6.69 %	1.53 %	-24.44 %	5.48 %	-
Seq. Cost of Sales Growth	-58.83 %	116.74 %	-44.87 %	1167.96 %	-

Inventory Turnover Ratio Company Ranking
Within:	No.
Major Pharmaceutical Preparations Industry	# 19
Healthcare Sector	# 57
Overall Market	# 541

Inventory Turnover Ratio Statistics
High	Average	Low
6.7	6.08	5.45
(Mar 31 2023)		(Dec 31 2022)

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

Financial Statements
Novan Inc 's Inventories	$ 1 Millions	Visit NOVN's Balance sheet
Novan Inc 's Cost of Revenues TTM	$ 8 Millions	Visit NOVN's Income Statement
What are NOVN's Sales?		Visit NOVN's Sales by Segment

Other Inventory Turnover Ratios
Novan 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
NOVN'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 NOVN's Competitors
Inventory Turnover Ratio for NOVN's Suppliers
Inventory Turnover Ratio for NOVN's Customers

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

Companies with similar Inventory Turnover Ratio for the quarter ending Mar 31 2023, within Healthcare Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Mar 31 2023	Inventories at quarter ending Mar 31 2023
Vaso Corporation	20.23	$ 31.806 Millions	$ 2 Millions
Rvl Pharmaceuticals Plc	17.91	$ 9.611 Millions	$ 1 Millions
Viemed Healthcare Inc	17.53	$ 57.192 Millions	$ 3 Millions
Vanda Pharmaceuticals Inc	17.37	$ 23.391 Millions	$ 1 Millions
Eton Pharmaceuticals Inc	16.30	$ 8.173 Millions	$ 1 Millions
Biocept Inc	15.08	$ 21.133 Millions	$ 1 Millions
Aspira Women s Health inc	14.89	$ 4.054 Millions	$ 0 Millions
23andme Holding Co	13.90	$ 164.993 Millions	$ 12 Millions
Lantheus Holdings Inc	13.59	$ 497.256 Millions	$ 37 Millions
Teladoc Health Inc	13.48	$ 747.069 Millions	$ 55 Millions
Natera Inc	13.47	$ 495.127 Millions	$ 37 Millions
Option Care Health Inc	13.38	$ 3,149.812 Millions	$ 235 Millions
Wearable Health Solutions, Inc.	12.78	$ 0.466 Millions	$ 0 Millions
Invitae Corporation	12.73	$ 408.582 Millions	$ 32 Millions
Rockwell Medical inc	12.40	$ 66.973 Millions	$ 5 Millions
Sunlink Health Systems Inc	11.45	$ 20.581 Millions	$ 2 Millions
Precipio inc	11.30	$ 7.226 Millions	$ 1 Millions
Puma Biotechnology Inc	11.19	$ 57.467 Millions	$ 5 Millions
Sotera Health Company	11.15	$ 447.891 Millions	$ 40 Millions
Myriad Genetics Inc	11.09	$ 213.200 Millions	$ 19 Millions
Qhslab Inc	10.77	$ 0.622 Millions	$ 0 Millions
Infusystem Holdings Inc	10.05	$ 50.777 Millions	$ 5 Millions
Cryo cell International Inc	9.88	$ 8.757 Millions	$ 1 Millions
Prophase Labs Inc	9.47	$ 41.922 Millions	$ 4 Millions
Castle Biosciences Inc	9.25	$ 36.247 Millions	$ 4 Millions
Dermtech Inc	9.19	$ 14.138 Millions	$ 2 Millions
Semler Scientific inc	9.03	$ 4.551 Millions	$ 1 Millions
Novavax inc	9.00	$ 921.521 Millions	$ 102 Millions
Irhythm Holdings Inc	8.90	$ 134.425 Millions	$ 15 Millions
Agile Therapeutics Inc	8.65	$ 16.612 Millions	$ 2 Millions

Date modified: 2026-09-08T15:10:57+00:00

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