Cue Health (Cue Health) Days Inventory

: 99.05 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Cue Health's Average Total Inventories for the three months ended in Dec. 2023 was $38.80 Mil. Cue Health's Cost of Goods Sold for the three months ended in Dec. 2023 was $35.74 Mil. Hence, Cue Health's Days Inventory for the three months ended in Dec. 2023 was 99.05.

The historical rank and industry rank for Cue Health's Days Inventory or its related term are showing as below:

HLTH' s Days Inventory Range Over the Past 10 Years
Min: 82.64 Med: 116.28 Max: 899.43
Current: 178.17

During the past 5 years, Cue Health's highest Days Inventory was 899.43. The lowest was 82.64. And the median was 116.28.

HLTH's Days Inventory is ranked worse than
91.91% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.305 vs HLTH: 178.17

Cue Health's Days Inventory declined from Dec. 2022 (108.31) to Dec. 2023 (99.05).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cue Health's Inventory Turnover for the three months ended in Dec. 2023 was 0.92.

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. Cue Health's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.23.

Cue Health Days Inventory Historical Data

The historical data trend for Cue Health's Days 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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Cue Health Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

899.43

82.64

94.35

138.21

Cue Health Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											108.31	188.14	233.80	271.38	99.05

Competitive Comparison

For the Health Information Services subindustry, Cue Health's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cue Health Days Inventory Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Cue Health's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cue Health's Days Inventory falls into.

Cue Health Days Inventory Calculation

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

Cue Health's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (82.21	+	14.039)	/	2 )	/	127.091	*	365
=	48.1245					/	127.091	*	365
=	138.21

Cue Health's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (63.555	+	14.039)	/	2 )	/	35.742	*	365 / 4
=	38.797					/	35.742	*	365 / 4
=	99.05

Cue Health (NAS:HLTH) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Cue Health's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	35.742	/	38.797
	=	0.92

2. 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.

Cue Health's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	38.797	/	17.381
	=	2.23

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Cue Health Days Inventory Related Terms

Thank you for viewing the detailed overview of Cue Health's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Cue Health (Cue Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Cue Health Inc (NAS:HLTH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4980 Carroll Canyon Road, Suite 100, San Diego, CA, USA, 92121

Website

https://www.cuehealth.com

Cue Health Inc is a health technology company. It puts consumers in control of health information and places diagnostic information at the center of care. It enables people to manage health through real-time, actionable and connected health data. Further, it offers individuals, enterprises, government agencies and healthcare providers access to lab-quality diagnostic testing at home, at work, or at the point-of-care, all in a device that fits in the palm of hand.

Executives

T-twelve Holdings, Llc	10 percent owner	C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501
Tup Investments, L.p.	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tarsadia Investments, Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Cp (hlth), Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tfc Manager, Llc	10 percent owner	C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501
Nvga I, Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tccs I, Lp	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Tc Gp, Llc	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Tarsadia Capital, Llc	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Aasim Javed	officer: Chief Financial Officer	C/O CUE HEALTH INC, 4980 CARROLL CANYON RD SUITE 100, SAN DIEGO CA 92121
Randall E. Pollard	officer: Chief Accounting Officer	6229 PINE TREE CT., LONG GROVE IL 60047
Clint Sever	officer: Chief Product Officer	C/O CUE HEALTH INC., 4980 CARROLL CANYON RD. SUITE 100, SAN DIEGO CA 92121
Sachin H. Jain	director	C/O CARDIOVASCULAR SYSTEMS, INC., 1225 OLD HIGHWAY 8 NW, ST. PAUL MN 55112
Joshua Ghaim	director	C/O CUE HEALTH INC., 4980 CARROLL CANYON ROAD SUITE 100, SAN DIEGO CA 92121
Kelly P. Day	10 percent owner	865 FIGUEROA STREET, SUITE 700, LOS ANGELES CA 90017