Guardant Health (STU:5GH) Change In Inventory : €4.4 Mil (TTM As of Sep. 2024)

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What is Guardant Health Change In Inventory?

Guardant Health's change in inventory for the quarter that ended in Sep. 2024 was €-4.8 Mil. It means Guardant Health's inventory increased by €4.8 Mil from Jun. 2024 to Sep. 2024 .

Guardant Health's change in inventory for the fiscal year that ended in Dec. 2023 was €-9.5 Mil. It means Guardant Health's inventory increased by €9.5 Mil from Dec. 2022 to Dec. 2023 .

Guardant Health's Total Inventories for the quarter that ended in Sep. 2024 was €65.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guardant Health's Days Inventory for the quarter that ended in Sep. 2024 was 86.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guardant Health's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.05.

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. Guardant Health's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.37.

Guardant Health Change In Inventory Historical Data

The historical data trend for Guardant 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.

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Guardant Health Change In Inventory Chart

Guardant Health Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-5.44

-6.19

-7.04

-19.75

-9.49

Guardant Health Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-15.46	13.83	-0.96	-3.71	-4.79

Guardant 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €4.4 Mil.

Guardant Health (STU:5GH) Change In Inventory Explanation

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

Guardant 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
	=	63.684	/	67.115	*	365 / 4
	=	86.59

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

Guardant Health's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	67.115	/	63.684
	=	1.05

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.

Guardant Health's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	63.684	/	172.52
	=	0.37

Guardant Health Change In Inventory Related Terms

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Guardant Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Guardant Health Inc (STU:5GH) » Definitions » Change In Inventory

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GH:USA GH:Mexico 5GH:Germany

Address

3100 Hanover Street, Palo Alto, CA, USA, 94304

Website

https://www.guardanthealth.com

Guardant Health, Inc, based in Redwood City, California, is a leader in liquid-based cancer tests for clinical and research use. The company offers Guardant360 LDT, a liquid biopsy test for treatment selection in advanced stage cancer, Guardant360 CDx, an FDA-approved companion diagnostic for several targeted therapies, and Guardant OMNI, a broader gene panel for immuno-oncology research. In 2021, Guardant launched Reveal, a tumor-agnostic molecular residual disease, or MRD, test. In 2022, the company launched a lab-developed test version of Shield, a liquid biopsy for colorectal cancer, or CRC, screening. Additionally, Guardant offers research development services such as regulatory approval consultancy and clinical trial referrals.

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