T2 Biosystems Inc (TTOO) Inventory Turnover Ratio, from third quarter 2024 to third quarter 2023, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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T2 Biosystems Inc   (NASDAQ: TTOO)
 

T2 Biosystems Inc Inventory Turnover Ratio (COS)

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

T2 Biosystems Inc inventory turnover ratio, the T2 Biosystems Inc 's ability to sell and replace its inventory in the third quarter 2024, sequentially increased to 2.38 in the third quarter 2024, yet the ratio remained below the average, as TTOO's market remain challenging.Average inventory processing period, for the T2 Biosystems Inc in Sep 30 2024 quarter, has decreased to 153 days, compare to 159 days, in the Jun 30 2024 quarter.

Within Healthcare sector 190 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2024, to 891, from total ranking in the second quarter 2024 at 1043.

TTOO Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is T2 Biosystems Inc Market Share?

What is Inventory Turnover Ratio?



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TTOO Inventory Turnover Ratio (Sep 30 2024)
III. Quarter		 (Jun 30 2024)
II. Quarter		 (Mar 31 2024)
I. Quarter		 (Dec 31 2023)
IV. Quarter		 (Sep 30 2023)
III. Quarter
Y / Y Inventory Growth -10.65 % 19.18 % -5.39 % 12.46 % 0.92 %
Y / Y Cost of Sales Growth 4.48 % -44.69 % 5.18 % - -35.5 %
Inventory Turnover Ratio (TTM) 2.38 2.29 2.87 - 3.7
TTOO's Total Ranking # 891 # 1043 # 1047 # 708 # 551
Average inventory processing period 153 160 127 - 99
Seq. Inventory Growth -26 % 10.69 % -3.09 % 12.57 % -1.29 %
Seq. Cost of Sales Growth 52.28 % -35.91 % - - -19.39 %




Inventory Turnover Ratio Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 70
Healthcare Sector # 191
Overall Market # 891

Inventory Turnover Ratio Statistics
High Average Low
11.73 5.34 2.29
(Dec 31 2017)   (Jun 30 2024)



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

Financial Statements
T2 Biosystems Inc 's Inventories $ 4 Millions Visit TTOO's Balance sheet
T2 Biosystems Inc 's Cost of Revenues TTM $ 11 Millions Visit TTOO's Income Statement
What are TTOO's Sales? Visit TTOO's Sales by Segment

Other Inventory Turnover Ratios
T2 Biosystems Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Medical Equipment & Supplies Industry Inventory Turnover Trends and Statistics
Healthcare Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
TTOO's Inventory Turnover Ratio versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for TTOO's Competitors
Inventory Turnover Ratio for TTOO's Suppliers
Inventory Turnover Ratio for TTOO's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2024, within Healthcare Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2024 Inventories at quarter ending Sep 30 2024
Inogen Inc   7.88 $ 184.910  Millions$ 23  Millions
Lantheus Holdings Inc   7.65 $ 526.239  Millions$ 69  Millions
Nutriband Inc   7.59 $ 1.383  Millions$ 0  Millions
Carlisle Companies Incorporated  7.53 $ 3,106.300  Millions$ 413  Millions
Castle Biosciences Inc   7.48 $ 56.445  Millions$ 8  Millions
National Vision Holdings Inc   7.34 $ 764.782  Millions$ 104  Millions
Jrsis Health Care Corp  7.30 $ 3.029  Millions$ 0  Millions
Kewaunee Scientific Corporation  7.25 $ 146.000  Millions$ 20  Millions
23andme Holding Co  7.21 $ 104.092  Millions$ 14  Millions
Eton Pharmaceuticals Inc   7.21 $ 13.042  Millions$ 2  Millions
Collegium Pharmaceutical Inc   6.92 $ 224.115  Millions$ 32  Millions
Bionexus Gene Lab Corp   6.91 $ 8.011  Millions$ 1  Millions
Cardiff Lexington Corporation  6.78 $ 3.659  Millions$ 1  Millions
Hims and Hers Health Inc   6.61 $ 234.655  Millions$ 35  Millions
Fonar Corporation  6.52 $ 18.419  Millions$ 3  Millions
Acadia Pharmaceuticals Inc   6.29 $ 77.928  Millions$ 12  Millions
Twist Bioscience Corporation  6.25 $ 179.625  Millions$ 29  Millions
Exact Sciences Corporation  6.24 $ 812.283  Millions$ 130  Millions
Patterson Companies Inc   6.18 $ 5,193.000  Millions$ 840  Millions
Stablecoin Development Corporation  6.09 $ 3.557  Millions$ 1  Millions
Evolus Inc   6.06 $ 76.927  Millions$ 13  Millions
Zai Lab Limited  5.96 $ 130.573  Millions$ 22  Millions
Scorpius Holdings inc   5.88 $ 3.825  Millions$ 1  Millions
Warby Parker Inc   5.87 $ 329.823  Millions$ 56  Millions
Veracyte Inc   5.73 $ 106.084  Millions$ 19  Millions
Avantor Inc   5.64 $ 4,533.000  Millions$ 803  Millions
Adaptive Biotechnologies Corporation  5.57 $ 73.651  Millions$ 13  Millions
Charles River Laboratories International inc   5.33 $ 1,899.783  Millions$ 357  Millions
Strata Skin Sciences Inc  5.31 $ 14.332  Millions$ 3  Millions
Catalent Inc   5.23 $ 3,457.000  Millions$ 661  Millions

Date modified: 2026-08-29T17:26:45+00:00




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