T2 Biosystems's change in inventory for the quarter that ended in Dec. 2023 was $-0.21 Mil. It means T2 Biosystems's inventory
increased by $0.21 Mil
from Sep. 2023 to Dec. 2023 .
T2 Biosystems's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.74 Mil. It means T2 Biosystems's inventory
increased by $0.74 Mil
from Dec. 2022 to Dec. 2023 .
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
T2 Biosystems's Days Inventory for the quarter that ended in Dec. 2023 was 161.30.
Inventory Turnover measures how fast the company turns over its inventory within a year.
T2 Biosystems's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.
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.
T2 Biosystems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.71.
T2 Biosystems Change In Inventory Historical Data
The historical data trend for T2 Biosystems'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.
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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.74 Mil.
* 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.
T2 Biosystems (NAS:TTOO) Change In Inventory Explanation
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
T2 Biosystems's Days Inventory for the quarter that ended in is calculated as:
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.
T2 Biosystems's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
* 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.
T2 Biosystems Change In Inventory Related Terms
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T2 Biosystems (T2 Biosystems) Business Description
T2 Biosystems Inc provides rapid in vitro diagnostic tests to hospitals and laboratories. The company's core technology is T2 Magnetic Resonance (T2MR) technology, which can detect a variety of molecular targets directly from whole blood. T2MR technology enables the T2Dx system, which is fully automated from patient sample to result for its panels focused on bacterial and fungal infections that could cause sepsis, and its pipeline panel for Lyme disease.
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