Rayont Inc Inventory Turnover Ratio (COS)

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

Rayont Inc 's inventory turnover ratio, the ratio that measures Rayont Inc 's ability to manage its supply chain, sequentially decreased to 4.01 in the third quarter 2023, which does not come as a surprise, as the Rayont Inc continue to experience headwinds, which also impact its supply chain. Rayont Inc 's average inventory processing period in the Mar 31 2023 quarter, has increased to 91 days, from 89 days, in the Dec 31 2022 quarter.

Within Healthcare sector 97 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2023, to 896, from total ranking in the second quarter 2023 at 1015.

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

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RAYT Inventory Turnover Ratio	(Mar 31 2023) III. Quarter	(Dec 31 2022) II. Quarter	(Sep 30 2022) I. Quarter	(Jun 30 2022) IV. Quarter	(Mar 31 2022) III. Quarter
Y / Y Inventory Growth	-3.01 %	-5.95 %	1.28 %	2.37 %	-23.57 %
Y / Y Cost of Sales Growth	-14.18 %	47.18 %	73.19 %	133.67 %	-9.23 %
Inventory Turnover Ratio (TTM)	4.01	4.08	3.66	3.15	2.6
RAYT's Total Ranking	# 896	# 1015	# 988	# 1015	# 1015
Average inventory processing period	91	89	100	116	140
Seq. Inventory Growth	-2.44 %	-11.58 %	-7.16 %	21.11 %	-5.4 %
Seq. Cost of Sales Growth	-50.04 %	-6.82 %	24.86 %	47.63 %	-14.31 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Healthcare Facilities Industry	# 15
Healthcare Sector	# 98
Overall Market	# 896

Inventory Turnover Ratio Statistics
High	Average	Low
10.55	5.32	2.27
(Dec 31 2016)		(Sep 30 2021)

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

Financial Statements
Rayont Inc 's Inventories	$ 0 Millions	Visit RAYT's Balance sheet
Rayont Inc 's Cost of Revenues TTM	$ 2 Millions	Visit RAYT's Income Statement
What are RAYT's Sales?		Visit RAYT's Sales by Segment

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

You may also want to know
RAYT's Sales Growth Rates	RAYT's Pe Price to earnings ratio	RAYT's Receivables Turnover Ratio	RAYT's Stock Quote
RAYT's Net Income Growth Rates	RAYT's Ps Price to Sales ratio	RAYT's Sales per Employee	RAYT's Asset Turnover Ratio
RAYT's Net Margin	RAYT's Pb Price to Book ratio	RAYT's Financial Strength Ratios	RAYT'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
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
Charles River Laboratories International inc	8.57	$ 2,221.931 Millions	$ 259 Millions
Camp4 Therapeutics Corporation	8.46	$ 185.938 Millions	$ 22 Millions
Bionexus Gene Lab Corp	8.01	$ 8.983 Millions	$ 1 Millions
Cardiff Lexington Corporation	7.97	$ 4.305 Millions	$ 1 Millions
Kewaunee Scientific Corporation	7.92	$ 183.906 Millions	$ 23 Millions
Kaya Holdings Inc	7.79	$ 0.178 Millions	$ 0 Millions
Dmk Pharmaceuticals Corporation	7.58	$ 6.512 Millions	$ 1 Millions
National Vision Holdings Inc	7.58	$ 943.602 Millions	$ 125 Millions
Star Equity Holdings Inc	7.47	$ 83.998 Millions	$ 11 Millions
Societal Cdmo Inc	7.09	$ 70.241 Millions	$ 10 Millions
Nutriband Inc	6.90	$ 1.306 Millions	$ 0 Millions
Opko Health Inc	6.84	$ 520.405 Millions	$ 76 Millions
Novan Inc	6.70	$ 8.458 Millions	$ 1 Millions
Collegium Pharmaceutical Inc	6.45	$ 357.740 Millions	$ 55 Millions
Inogen Inc	6.18	$ 219.758 Millions	$ 36 Millions

Date modified: 2023-05-17T03:28:14+00:00

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