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Co diagnostics Inc   (CODX)
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Co Diagnostics Inc 's Working Capital Ratio

CODX's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Working Capital Ratio fell to 10.81 below Co Diagnostics Inc average.

Within Medical Equipment & Supplies industry 8 other companies have achieved higher Working Capital Ratio than Co Diagnostics Inc in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 198, from total ranking in the third quarter 2023 at 316.

Explain Working Capital Ratio
How much in Current Assets CODX´s has?
What is the value of CODX´s Current Liabilities?


CODX Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 48.39 % -15.21 % -23.83 % -72.27 % -69.25 %
Y / Y Current Assets Change -32.99 % -30.03 % -32.45 % -31.45 % -19.45 %
Working Capital Ratio MRQ 10.81 13.99 15.13 23.8 23.94
CODX's Total Ranking # 198 # 316 # 342 # 209 # 231
Seq. Current Liabilities Change 12.75 % -0.35 % 41.71 % -6.8 % -35.57 %
Seq. Current Assets Change -12.86 % -7.85 % -9.94 % -7.34 % -9.01 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 9
Healthcare Sector # 56
Overall Market # 197


Working Capital Ratio Statistics
High Average Low
44.91 15.53 0.45
(Sep 30 2020)   (Dec 31 2018)




Financial Statements
Co Diagnostics Inc 's Current Liabilities $ 6 Millions Visit CODX's Balance sheet
Co Diagnostics Inc 's Current Assets $ 62 Millions Visit CODX's Balance sheet
Source of CODX's Sales Visit CODX's Sales by Geography


Cumulative Co Diagnostics Inc 's Working Capital Ratio

CODX's Working Capital Ratio for the trailling 12 Months

CODX Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 48.39 % -15.21 % -23.83 % -72.27 % -69.25 %
Y / Y Current Assets TTM Growth -32.99 % -30.03 % -32.45 % -31.45 % -19.45 %
Working Capital Ratio TTM 15.16 18.5 19.23 19.55 14.67
Total Ranking TTM # 87 # 156 # 154 # 3968 # 3570
Seq. Current Liabilities TTM Growth 12.75 % -0.35 % 41.71 % -6.8 % -35.57 %
Seq. Current Assets TTM Growth -12.86 % -7.85 % -9.94 % -7.34 % -9.01 %


On the trailing twelve months basis Due to increase in Current Liabilities in the IV Quarter 2023 to $5.75 millions, cumulative Working Capital Ratio decreased to 15.16 above the CODX average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Equipment & Supplies industry 6 other companies have achieved higher Working Capital Ratio than Co Diagnostics Inc . While Working Capital Ratio overall ranking has improved so far to 87, from total ranking during the twelve months ending third quarter 2023 at 156.

Explain Working Capital Ratio
How much in Current Assets CODX´s has?
What is the value of CODX´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Medical Equipment & Supplies Industry # 7
Healthcare Sector # 45
Within the Market # 87


trailing twelve months Working Capital Ratio Statistics
High Average Low
19.55 13.2 1.63
(Mar 31 2023)   (Dec 31 2018)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Medical Equipment & Supplies Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Alpha Pro Tech Ltd   20.68 $ 53.064  Millions$ 2.566  Millions
Neurometrix Inc   16.81 $ 20.854  Millions$ 1.241  Millions
Inmode Ltd   15.89 $ 845.330  Millions$ 53.213  Millions
Cvrx inc  14.25 $ 112.090  Millions$ 7.864  Millions
Alpha Tau Medical Ltd   14.20 $ 85.756  Millions$ 6.040  Millions
Semler Scientific Inc   12.98 $ 65.944  Millions$ 5.080  Millions
Shockwave Medical Inc   11.76 $ 1,225.260  Millions$ 104.205  Millions
Novocure Limited  10.96 $ 1,034.409  Millions$ 94.391  Millions
Co diagnostics Inc   10.81 $ 62.141  Millions$ 5.748  Millions
Axonics Inc   10.73 $ 491.422  Millions$ 45.816  Millions
Medinotec Inc   10.69 $ 3.594  Millions$ 0.336  Millions
Orasure Technologies Inc  9.77 $ 386.459  Millions$ 39.536  Millions
Si bone inc   9.59 $ 211.394  Millions$ 22.040  Millions
Fonar Corporation  9.35 $ 132.542  Millions$ 14.179  Millions
Silk Road Medical Inc   7.95 $ 240.835  Millions$ 30.283  Millions
Procept Biorobotics Corporation  7.63 $ 350.567  Millions$ 45.927  Millions
Inspire Medical Systems inc   7.60 $ 593.739  Millions$ 78.105  Millions
Inspiremd Inc   7.34 $ 44.159  Millions$ 6.020  Millions
Orthopediatrics Corp  7.19 $ 226.496  Millions$ 31.517  Millions
Profound Medical Corp   6.58 $ 41.896  Millions$ 6.366  Millions
Lemaitre Vascular Inc   6.51 $ 194.598  Millions$ 29.879  Millions
Pulmonx Corporation  6.50 $ 150.422  Millions$ 23.157  Millions
The Beauty Health Company  6.07 $ 698.252  Millions$ 115.008  Millions
Penumbra Inc   6.06 $ 915.402  Millions$ 151.144  Millions
Zynex inc   6.01 $ 87.855  Millions$ 14.607  Millions
Electromed Inc   5.97 $ 39.265  Millions$ 6.573  Millions
Merit Medical Systems Inc  5.79 $ 1,108.470  Millions$ 191.477  Millions
Tandem Diabetes Care Inc   5.57 $ 747.989  Millions$ 134.204  Millions
Glaukos Corp  5.34 $ 395.461  Millions$ 74.014  Millions
Anika Therapeutics Inc   5.26 $ 163.309  Millions$ 31.059  Millions

Date modified: 2024-03-17T12:44:14+00:00



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