HLTHQ (Cue Health) Change In Inventory: $37.33 Mil (TTM As of Dec. 2023)

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What is Cue Health Change In Inventory?

Cue Health HLTHQ -90.00% Change In Inventory is $37.33 Mil as of Dec. 2023.

Cue Health's change in inventory for the quarter that ended in Dec. 2023 was $20.88 Mil. It means Cue Health's inventory declined by $20.88 Mil from Sep. 2023 to Dec. 2023 .

Cue Health's change in inventory for the fiscal year that ended in Dec. 2023 was $37.33 Mil. It means Cue Health's inventory declined by $37.33 Mil from Dec. 2022 to Dec. 2023 .

Cue Health's Total Inventories for the quarter that ended in Dec. 2023 was $14.04 Mil.

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 quarter that ended in Dec. 2023 was 99.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cue Health's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 2.23.


Cue Health  (OTCPK:HLTHQ) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=38.797/35.742*365 / 4
=99.05

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

Cue Health's Inventory Turnover for the quarter that ended in Dec. 2023 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.

Cue Health'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.


Cue Health Change In Inventory Related Terms


Cue Health Change In Inventory Historical Data

* Premium members only.

The historical data trend for Cue Health'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.

Cue Health Change In Inventory Chart

Cue Health Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
0.00 -36.84 -51.55 -19.26 37.33

Cue Health Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.08 13.34 5.19 20.88 0.00

Cue Health 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $37.33 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $37.33 Mil mean?
Cue Health (HLTHQ) has a Change In Inventory of $37.33 Mil as of Dec. 2023. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Cue Health and its competitors.
Is Cue Health's Change In Inventory too high?
Cue Health's current Change In Inventory is $37.33 Mil.
How does Cue Health's Change In Inventory compare to UPHL and GEHC?
Cue Health's Change In Inventory of $37.33 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Healthcare Providers & Services company?
A good Change In Inventory depends on the Healthcare Providers & Services industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Cue Health and its competitors. Cue Health's current Change In Inventory is $37.33 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cue Health stock overvalued right now?
Cue Health (HLTHQ) has a current Change In Inventory of $37.33 Mil. The current Change In Inventory is $37.33 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Cue Health (HLTHQ), the current Change In Inventory is $37.33 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cue Health Business Description

Address 4980 Carroll Canyon Road, Suite 100, San Diego, CA, USA, 92121
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 their 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. Its Cue Integrated Care Platform consists of multiple hardware, software, and diagnostic components and has been engineered so that it can be directly integrated into existing workflows and on-demand services, such as telemedicine, e-Rx services, and EMR systems.