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Zomedica Corp   (ZOM)
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Zomedica Inventory Turnover Ratio (COS)

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

Due to inventory build up in the third quarter 2023, Zomedica 's inventory turnover ratio sequentially decreased to 1.71 in the third quarter 2023, otherwise the ratio remained above the average, as ZOM's markets remain strong.Zomedica 's average inventory processing period in the Sep 30 2023 quarter, has increased to 213 days, from 183 days, in the Jun 30 2023 quarter.

Within Healthcare sector 243 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2023, to 1194, from total ranking in the second quarter 2023 at 1365.

ZOM Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Zomedica Corp Market Share?

What is Inventory Turnover Ratio?


ZOM 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 55.71 % -24.59 % -23.93 % -3.58 % 68.55 %
Y / Y Cost of Sales Growth -17.7 % -17.36 % 66.36 % - 6688.09 %
Inventory Turnover Ratio (TTM) 1.71 1.99 1.87 1.56 0.98
ZOM's Total Ranking # 1194 # 1365 # 1228 # 1814 # 1822
Average inventory processing period 213 184 195 235 372
Seq. Inventory Growth 2.83 % 32.48 % -0.11 % 14.42 % -50.2 %
Seq. Cost of Sales Growth 0 % -39.28 % -11.59 % 53.33 % 0.41 %



Inventory Turnover Ratio Company Ranking
Within: No.
Major Pharmaceutical Preparations Industry # 76
Healthcare Sector # 244
Overall Market # 1194

Inventory Turnover Ratio Statistics
High Average Low
1.99 1.16 0
(Jun 30 2023)   (Dec 31 2021)




Financial Statements
Zomedica 's Inventories $ 4 Millions Visit ZOM's Balance sheet
Zomedica 's Cost of Revenues TTM $ 6 Millions Visit ZOM's Income Statement
What are ZOM's Sales? Visit ZOM's Sales by Segment

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

You may also want to know
ZOM's Sales Growth Rates ZOM's Pe Price to earnings ratio ZOM's Receivables Turnover Ratio ZOM's Stock Quote
ZOM's Net Income Growth Rates ZOM's Ps Price to Sales ratio ZOM's Sales per Employee ZOM's Asset Turnover Ratio
ZOM's Net Margin ZOM's Pb Price to Book ratio ZOM's Financial Strength Ratios ZOM'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
Escalon Medical Corp   3.99 $ 6.670  Millions$ 2  Millions
Adaptive Biotechnologies Corporation  3.99 $ 72.526  Millions$ 18  Millions
Steris Plc  3.96 $ 2,951.184  Millions$ 745  Millions
Novocure Limited  3.81 $ 124.612  Millions$ 33  Millions
Envista Holdings Corporation  3.75 $ 1,110.900  Millions$ 296  Millions
Idexx Laboratories Inc  3.72 $ 1,438.645  Millions$ 387  Millions
T2 Biosystems Inc   3.70 $ 16.519  Millions$ 4  Millions
Align Technology inc   3.66 $ 1,151.307  Millions$ 315  Millions
Tactile Systems Technology Inc   3.64 $ 79.181  Millions$ 22  Millions
Gilead Sciences Inc   3.64 $ 5,804.000  Millions$ 1,595  Millions
Agile Therapeutics Inc  3.61 $ 7.656  Millions$ 2  Millions
Cadre Holdings Inc   3.61 $ 281.247  Millions$ 78  Millions
Endo International Plc  3.58 $ 991.146  Millions$ 277  Millions
Revvity Inc   3.56 $ 1,473.123  Millions$ 414  Millions
3m Company  3.50 $ 18,384.000  Millions$ 5,256  Millions
Baxter International Inc   3.48 $ 9,913.000  Millions$ 2,853  Millions
Orasure Technologies Inc  3.47 $ 265.637  Millions$ 76  Millions
Maravai Lifesciences Holdings Inc   3.43 $ 166.888  Millions$ 49  Millions
Mimedx Group Inc   3.41 $ 54.371  Millions$ 16  Millions
Lftd Partners Inc   3.40 $ 28.850  Millions$ 8  Millions
Caredx Inc   3.37 $ 62.494  Millions$ 19  Millions
Sunshine Biopharma Inc   3.33 $ 13.131  Millions$ 4  Millions
Neogen Corporation  3.30 $ 457.921  Millions$ 139  Millions
Dynatronics Corporation  3.20 $ 29.500  Millions$ 9  Millions
Becton Dickinson And Company  3.17 $ 11,202.000  Millions$ 3,530  Millions
Myomo Inc   3.15 $ 4.553  Millions$ 1  Millions
Agilent Technologies inc   3.12 $ 3,368.000  Millions$ 1,079  Millions
Prestige Consumer Healthcare Inc   3.11 $ 507.227  Millions$ 163  Millions
Dexcom Inc   3.09 $ 1,228.700  Millions$ 398  Millions
Electromed Inc   3.08 $ 12.047  Millions$ 4  Millions

Date modified: 2023-11-14T18:31:22+00:00



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