Accelerate Diagnostics (STU:1A80) Change In Inventory : €0.47 Mil (TTM As of Mar. 2024)

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What is Accelerate Diagnostics Change In Inventory?

Accelerate Diagnostics's change in inventory for the quarter that ended in Mar. 2024 was €-0.08 Mil. It means Accelerate Diagnostics's inventory increased by €0.08 Mil from Dec. 2023 to Mar. 2024 .

Accelerate Diagnostics's change in inventory for the fiscal year that ended in Dec. 2023 was €0.41 Mil. It means Accelerate Diagnostics's inventory declined by €0.41 Mil from Dec. 2022 to Dec. 2023 .

Accelerate Diagnostics's Total Inventories for the quarter that ended in Mar. 2024 was €2.99 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Accelerate Diagnostics's Days Inventory for the quarter that ended in Mar. 2024 was 135.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Accelerate Diagnostics's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.67.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Accelerate Diagnostics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.12.

Accelerate Diagnostics Change In Inventory Historical Data

The historical data trend for Accelerate Diagnostics's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Accelerate Diagnostics Change In Inventory Chart

Accelerate Diagnostics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-3.29

-1.12

-0.37

-0.22

0.41

Accelerate Diagnostics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.13	0.10	0.31	0.14	-0.08

Accelerate Diagnostics Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.47 Mil.

Accelerate Diagnostics (STU:1A80) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Accelerate Diagnostics's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.012	/	2.022	*	365 / 4
	=	135.93

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Accelerate Diagnostics's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.022	/	3.012
	=	0.67

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Accelerate Diagnostics's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.012	/	2.687
	=	1.12

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Accelerate Diagnostics (STU:1A80) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Accelerate Diagnostics Inc (STU:1A80) » Definitions » Change In Inventory

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AXDX:USA AXDX:Mexico 1A80:Germany

Address

3950 South Country Club Road, Suite 470, Tucson, AZ, USA, 85714

Website

https://www.acceleratediagnostics.com

Accelerate Diagnostics Inc is an in vitro diagnostics company that specializes in rapid diagnostics for infectious pathogens. The firm's core platform, the Accelerate ID/AST System, determines whether live bacterial or fungal cells in a patient sample are susceptible to a particular antibiotic. This test is performed on pathogens that are commonly associated with serious infections and can deliver results more quickly than traditional methods, such as bacterial culturing. The system can analyze a positive blood culture sample in approximately five hours, which is faster than traditional testing techniques. The company earns majority of its revenue from domestic market.

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