Minerva Surgical Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the third quarter 2023, Minerva Surgical Inc 's inventory turnover ratio sequentially decreased to 1.25 in the third quarter 2023, unsurprisingly, as the Minerva Surgical Inc markets continue to deteriorate, and UTRS's faces growing challenges to bring down its inventories. Minerva Surgical Inc 's average inventory processing period in the Sep 30 2023 quarter, has increased to 292 days, from 277 days, in the Jun 30 2023 quarter.

Within Healthcare sector 318 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 620 in the second quarter 2023, to 1296.

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

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UTRS Inventory Turnover Ratio	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) III. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter
Y / Y Inventory Growth	6.94 %	5.63 %	7.44 %	7.45 %	13.66 %
Y / Y Cost of Sales Growth	-13.42 %	-6.05 %	-0.07 %	10.53 %	7.48 %
Inventory Turnover Ratio (TTM)	1.25	1.32	1.36	1.38	1.37
UTRS's Total Ranking	# 1296	# 620	# 1203	# 1842	# 792
Average inventory processing period	291	277	269	264	267
Seq. Inventory Growth	1.69 %	3.99 %	2.05 %	-0.9 %	0.44 %
Seq. Cost of Sales Growth	0 %	-9.39 %	-14.22 %	11.39 %	8.51 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Medical Equipment & Supplies Industry	# 137
Healthcare Sector	# 319
Overall Market	# 1296

Inventory Turnover Ratio Statistics
High	Average	Low
1.55	1.37	1.25
(Mar 31 2022)		(Sep 30 2023)

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

Financial Statements
Minerva Surgical Inc 's Inventories	$ 18 Millions	Visit UTRS's Balance sheet
Minerva Surgical Inc 's Cost of Revenues TTM	$ 22 Millions	Visit UTRS's Income Statement
What are UTRS's Sales?		Visit UTRS's Sales by Segment

Other Inventory Turnover Ratios
Minerva Surgical 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
UTRS'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 UTRS's Competitors
Inventory Turnover Ratio for UTRS's Suppliers
Inventory Turnover Ratio for UTRS's Customers

You may also want to know
UTRS's Sales Growth Rates	UTRS's Pe Price to earnings ratio	UTRS's Receivables Turnover Ratio	UTRS's Stock Quote
UTRS's Net Income Growth Rates	UTRS's Ps Price to Sales ratio	UTRS's Sales per Employee	UTRS's Asset Turnover Ratio
UTRS's Net Margin	UTRS's Pb Price to Book ratio	UTRS's Financial Strength Ratios	UTRS'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
Prestige Consumer Healthcare Inc	3.31	$ 507.227 Millions	$ 153 Millions
Neogen Corporation	3.30	$ 457.921 Millions	$ 139 Millions
Enzo Biochem Inc	3.27	$ 38.084 Millions	$ 12 Millions
Revvity Inc	3.26	$ 1,748.575 Millions	$ 536 Millions
Becton Dickinson And Company	3.26	$ 11,202.000 Millions	$ 3,435 Millions
Dynatronics Corporation	3.24	$ 28.117 Millions	$ 9 Millions
Agilent Technologies inc	3.17	$ 3,368.000 Millions	$ 1,061 Millions
Myomo Inc	3.15	$ 4.553 Millions	$ 1 Millions
Electromed Inc	3.14	$ 12.047 Millions	$ 4 Millions
Scienture Holdings Inc	3.09	$ 2.652 Millions	$ 1 Millions
Dexcom Inc	3.09	$ 1,228.700 Millions	$ 398 Millions
Eyepoint Inc	3.07	$ 3.634 Millions	$ 1 Millions
Sonoma Pharmaceuticals Inc	3.06	$ 8.227 Millions	$ 3 Millions
Somalogic Inc	3.01	$ 43.557 Millions	$ 14 Millions
Quidelortho Corp	2.90	$ 1,557.599 Millions	$ 537 Millions
Aytu Biopharma Inc	2.90	$ 37.377 Millions	$ 13 Millions
Mettler toledo International Inc	2.90	$ 1,188.193 Millions	$ 410 Millions
Avid Bioservices Inc	2.89	$ 121.815 Millions	$ 42 Millions
Illumina Inc	2.89	$ 1,722.000 Millions	$ 597 Millions
Elutia Inc	2.86	$ 26.390 Millions	$ 9 Millions
Dentsply Sirona Inc	2.86	$ 1,855.000 Millions	$ 649 Millions
Telesis Bio Inc	2.86	$ 9.023 Millions	$ 3 Millions
Tandem Diabetes Care Inc	2.86	$ 381.324 Millions	$ 133 Millions
Angiodynamics Inc	2.83	$ 162.768 Millions	$ 58 Millions
Amneal Pharmaceuticals Inc	2.81	$ 1,533.561 Millions	$ 547 Millions
Evolus Inc	2.79	$ 55.659 Millions	$ 20 Millions
Pfizer Inc	2.77	$ 27,041.000 Millions	$ 9,759 Millions
Iridex Corp	2.74	$ 29.531 Millions	$ 11 Millions
Msa Safety Inc	2.74	$ 924.000 Millions	$ 337 Millions
Waters Corporation	2.73	$ 1,225.053 Millions	$ 448 Millions

Date modified: 2026-09-08T15:11:07+00:00

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