Nanostring Technologies Inc (NSTG) Inventory Turnover Ratio, from third quarter 2023 to third quarter 2022, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Nanostring Technologies Inc   (NASDAQ: NSTG)
 

Nanostring Technologies Inc Inventory Turnover Ratio (COS)

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

Nanostring Technologies Inc inventory turnover ratio, the Nanostring Technologies Inc 's ability to sell and replace its inventory in the third quarter 2023, sequentially increased to 2.15 in the third quarter 2023, yet the ratio remained below the average, as NSTG's market remain challenging.Average inventory processing period, for the Nanostring Technologies Inc in Sep 30 2023 quarter, has decreased to 170 days, compare to 192 days, in the Jun 30 2023 quarter.

Within Healthcare sector 204 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2023, to 665, from total ranking in the second quarter 2023 at 757.

NSTG Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Nanostring Technologies Inc Market Share?

What is Inventory Turnover Ratio?



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NSTG 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 20.54 % 17.64 % 35.04 % 37.44 % 47.17 %
Y / Y Cost of Sales Growth 123.61 % 87.72 % 54.76 % 5.37 % -20 %
Inventory Turnover Ratio (TTM) 2.15 1.9 1.66 1.59 1.68
NSTG's Total Ranking # 665 # 757 # 1234 # 1759 # 1643
Average inventory processing period 169 193 220 230 217
Seq. Inventory Growth 12.92 % 4.58 % 7.94 % -5.44 % 10.2 %
Seq. Cost of Sales Growth 3.12 % 30.11 % 8.28 % 53.92 % -13.43 %




Inventory Turnover Ratio Company Ranking
Within: No.
Biotechnology & Pharmaceuticals Industry # 12
Healthcare Sector # 205
Overall Market # 665

Inventory Turnover Ratio Statistics
High Average Low
4.6 2.52 1.59
(Dec 31 2013)   (Dec 31 2022)



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

Financial Statements
Nanostring Technologies Inc 's Inventories $ 55 Millions Visit NSTG's Balance sheet
Nanostring Technologies Inc 's Cost of Revenues TTM $ 104 Millions Visit NSTG's Income Statement
What are NSTG's Sales? Visit NSTG's Sales by Segment

Other Inventory Turnover Ratios
Nanostring Technologies Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Biotechnology & Pharmaceuticals Industry Inventory Turnover Trends and Statistics
Healthcare Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
NSTG's Inventory Turnover Ratio versus Biotechnology & Pharmaceuticals Industry, Healthcare Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for NSTG's Competitors
Inventory Turnover Ratio for NSTG's Suppliers
Inventory Turnover Ratio for NSTG's Customers

You may also want to know
NSTG's Sales Growth Rates NSTG's Pe Price to earnings ratio NSTG's Receivables Turnover Ratio NSTG's Stock Quote
NSTG's Net Income Growth Rates NSTG's Ps Price to Sales ratio NSTG's Sales per Employee NSTG's Asset Turnover Ratio
NSTG's Net Margin NSTG's Pb Price to Book ratio NSTG's Financial Strength Ratios NSTG'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
Avantor Inc   5.21 $ 4,631.500  Millions$ 890  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
Sanuwave Health Inc   4.94 $ 5.617  Millions$ 1  Millions
Abbvie Inc   4.89 $ 18,881.000  Millions$ 3,862  Millions
Inspire Medical Systems inc   4.85 $ 90.292  Millions$ 19  Millions
Cryoport inc   4.78 $ 134.005  Millions$ 28  Millions
Henry Schein Inc   4.64 $ 8,758.000  Millions$ 1,889  Millions
Ufp Technologies Inc   4.61 $ 280.010  Millions$ 61  Millions
Adm Tronics Unlimited Inc   4.60 $ 1.884  Millions$ 0  Millions
Warby Parker Inc   4.60 $ 295.019  Millions$ 64  Millions
Eargo Inc   4.58 $ 22.448  Millions$ 5  Millions
Integrated Biopharma Inc  4.56 $ 46.671  Millions$ 10  Millions
Precision Optics Corporation Inc   4.43 $ 12.807  Millions$ 3  Millions
Lifemd Inc   4.41 $ 16.068  Millions$ 4  Millions
Bristol myers Squibb Company  4.33 $ 10,541.000  Millions$ 2,436  Millions
Neptune Wellness Solutions Inc   4.29 $ 36.175  Millions$ 8  Millions
Urogen Pharma Ltd   4.25 $ 9.338  Millions$ 2  Millions
Catalent Inc   4.17 $ 3,272.000  Millions$ 784  Millions
Harrow Inc   4.17 $ 34.503  Millions$ 8  Millions
West Pharmaceutical Services Inc   4.16 $ 1,813.300  Millions$ 436  Millions
Vericel Corporation  4.14 $ 59.896  Millions$ 14  Millions
Tenon Medical Inc   4.10 $ 1.922  Millions$ 0  Millions
Organogenesis Holdings Inc   4.10 $ 106.065  Millions$ 26  Millions
Escalon Medical Corp   4.07 $ 6.774  Millions$ 2  Millions
Twist Bioscience Corporation  4.06 $ 155.380  Millions$ 38  Millions
Adaptive Biotechnologies Corporation  3.99 $ 72.526  Millions$ 18  Millions
Steris Plc  3.96 $ 2,951.184  Millions$ 745  Millions
Teva Pharmaceutical Industries Limited  3.94 $ 8,273.000  Millions$ 2,101  Millions

Date modified: 2026-08-29T17:23:00+00:00




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