iRhythm Technologies (STU:I25) Change In Inventory : €-1.8 Mil (TTM As of Sep. 2024)

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What is iRhythm Technologies Change In Inventory?

iRhythm Technologies's change in inventory for the quarter that ended in Sep. 2024 was €0.4 Mil. It means iRhythm Technologies's inventory declined by €0.4 Mil from Jun. 2024 to Sep. 2024 .

iRhythm Technologies's change in inventory for the fiscal year that ended in Dec. 2023 was €0.9 Mil. It means iRhythm Technologies's inventory declined by €0.9 Mil from Dec. 2022 to Dec. 2023 .

iRhythm Technologies's Total Inventories for the quarter that ended in Sep. 2024 was €13.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. iRhythm Technologies's Days Inventory for the quarter that ended in Sep. 2024 was 30.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. iRhythm Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.98.

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. iRhythm Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.10.

iRhythm Technologies Change In Inventory Historical Data

The historical data trend for iRhythm Technologies'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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iRhythm Technologies Change In Inventory Chart

iRhythm Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.78

-1.14

-4.39

-4.82

0.90

iRhythm Technologies 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															1.26	-0.83	-0.85	-0.50	0.38

iRhythm Technologies 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 €-1.8 Mil.

iRhythm Technologies (STU:I25) Change In Inventory Explanation

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

iRhythm Technologies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	13.937	/	41.502	*	365 / 4
	=	30.64

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	41.502	/	13.937
	=	2.98

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13.937	/	132.932
	=	0.10

iRhythm Technologies Change In Inventory Related Terms

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iRhythm Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iRhythm Technologies Inc (STU:I25) » Definitions » Change In Inventory

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IRTC:USA 0A7L:UK

Address

699 8th Street, Suite 600, San Francisco, CA, USA, 94103

Website

https://www.irhythmtech.com

iRhythm Technologies Inc is a commercial-stage digital healthcare company redefining the way cardiac arrhythmias are clinically diagnosed by combining wearable biosensing technology with cloud-based data analytics and machine-learning capabilities. The company's portfolio includes ambulatory cardiac monitoring services on a platform, called the Zio service, which combines an easy-to-wear and unobtrusive biosensor that can be worn for several days with powerful proprietary algorithms that distill data from millions of heartbeats into clinically actionable information. The company derived its revenue from the United States.

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