Invitae Inventory Turnover Ratio (COS)

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

Due to inventory build up in the third quarter 2023, Invitae's inventory turnover ratio sequentially decreased to 15.28 in the third quarter 2023, otherwise the ratio remained above the average, as NVTA's markets remain strong.Average processing period, for Invitae's inventories remained unchanged at 24 days, in the Sep 30 2023 quarter.

Within Healthcare sector 17 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the Third Quarter 2023 compared to previous quarter at no. 155.

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

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NVTA 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	-27.67 %	-57.59 %	-56.12 %	-9.34 %	-2.39 %
Y / Y Cost of Sales Growth	-29.73 %	-20.72 %	-8.93 %	-3.39 %	33.3 %
Inventory Turnover Ratio (TTM)	15.28	15.4	12.73	10.92	10.79
NVTA's Total Ranking	# 155	# 155	# 224	# 386	# 280
Average inventory processing period	24	24	29	33	34
Seq. Inventory Growth	3.91 %	9.15 %	-37.24 %	1.62 %	-39.07 %
Seq. Cost of Sales Growth	-6.05 %	-1.09 %	-4.74 %	-20.62 %	6 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Medical Laboratories Industry	# 2
Healthcare Sector	# 18
Overall Market	# 155

Inventory Turnover Ratio Statistics
High	Average	Low
15.4	11.94	9.99
(Jun 30 2023)		(Jun 30 2022)

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

Financial Statements
Invitae's Inventories	$ 22 Millions	Visit NVTA's Balance sheet
Invitae's Cost of Revenues TTM	$ 351 Millions	Visit NVTA's Income Statement
What are NVTA's Sales?		Visit NVTA's Sales by Segment

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

You may also want to know
NVTA's Sales Growth Rates	NVTA's Pe Price to earnings ratio	NVTA's Receivables Turnover Ratio	NVTA's Stock Quote
NVTA's Net Income Growth Rates	NVTA's Ps Price to Sales ratio	NVTA's Sales per Employee	NVTA's Asset Turnover Ratio
NVTA's Net Margin	NVTA's Pb Price to Book ratio	NVTA's Financial Strength Ratios	NVTA'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
Quest Diagnostics Inc	33.18	$ 6,222.000 Millions	$ 188 Millions
Rennova Health Inc	29.35	$ 7.492 Millions	$ 0 Millions
The Oncology Institute Inc	24.39	$ 267.414 Millions	$ 11 Millions
Harmony Biosciences Holdings inc	22.84	$ 104.673 Millions	$ 5 Millions
Adapthealth Corp	21.99	$ 2,721.603 Millions	$ 124 Millions
Vaso Corporation	21.10	$ 31.197 Millions	$ 1 Millions
Labcorp Holdings Inc	20.84	$ 9,904.700 Millions	$ 475 Millions
Intelgenx Technologies Corp	18.73	$ 1.386 Millions	$ 0 Millions
Teladoc Health Inc	17.56	$ 755.480 Millions	$ 43 Millions
Viemed Healthcare Inc	16.38	$ 66.209 Millions	$ 4 Millions
Qhslab Inc	16.29	$ 0.623 Millions	$ 0 Millions
Vanda Pharmaceuticals Inc	16.03	$ 17.574 Millions	$ 1 Millions
Invitae Corporation	15.28	$ 350.946 Millions	$ 23 Millions
Precipio inc	14.27	$ 8.656 Millions	$ 1 Millions
Wearable Health Solutions, Inc.	14.21	$ 0.408 Millions	$ 0 Millions
Natera Inc	13.98	$ 562.090 Millions	$ 40 Millions
Genedx Holdings Corp	13.87	$ 162.579 Millions	$ 12 Millions
Option Care Health Inc	13.11	$ 3,239.218 Millions	$ 247 Millions
Aspira Women s Health inc	13.06	$ 3.889 Millions	$ 0 Millions
Agape Atp Corporation	12.72	$ 0.682 Millions	$ 0 Millions
Agile Therapeutics Inc	12.70	$ 26.956 Millions	$ 2 Millions
Rockwell Medical inc	12.68	$ 71.973 Millions	$ 6 Millions
Lantheus Holdings Inc	12.00	$ 557.756 Millions	$ 46 Millions
23andme Holding Co	11.97	$ 146.584 Millions	$ 12 Millions
Eton Pharmaceuticals Inc	11.50	$ 8.227 Millions	$ 1 Millions
Sotera Health Company	11.01	$ 450.957 Millions	$ 41 Millions
Sunlink Health Systems Inc	10.91	$ 18.973 Millions	$ 2 Millions
Infusystem Holdings Inc	10.52	$ 58.532 Millions	$ 6 Millions
Myriad Genetics Inc	10.21	$ 228.500 Millions	$ 22 Millions
Puma Biotechnology Inc	10.16	$ 55.195 Millions	$ 5 Millions

Date modified: 2026-09-08T15:11:06+00:00

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