TTOO (T2 Biosystems) Change In Inventory: $0.79 Mil (TTM As of Sep. 2024)


TTOO T2 Biosystems Inc TTOO
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What is T2 Biosystems Change In Inventory?

T2 Biosystems TTOO +200.00% 12 Change In Inventory is $0.79 Mil as of Sep. 2024. GuruFocus rates TTOO with a GF Score™ of 12/100.

T2 Biosystems's change in inventory for the quarter that ended in Sep. 2024 was $1.34 Mil. It means T2 Biosystems's inventory declined by $1.34 Mil from Jun. 2024 to Sep. 2024 .

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 .

T2 Biosystems's Total Inventories for the quarter that ended in Sep. 2024 was $3.83 Mil.

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 Sep. 2024 was 100.06.

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 Sep. 2024 was 0.91.

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 Sep. 2024 was 2.27.

T2 Biosystems  (OTCPK: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:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=4.497/4.101*365 / 4
=100.06

2. 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 Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=4.101 / 4.497
=0.91

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 Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=4.497 / 1.985
=2.27

* 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

T2 Biosystems Change In Inventory Historical Data

* Premium members only.

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.

T2 Biosystems Change In Inventory Chart

T2 Biosystems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.91 0.44 -1.94 -0.95 -0.74

T2 Biosystems 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.17 -0.21 0.15 -0.50 1.34
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T2 Biosystems Inc TTOO
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T2 Biosystems 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 $0.79 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 $0.79 Mil mean?
T2 Biosystems (TTOO) has a Change In Inventory of $0.79 Mil as of Sep. 2024. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for T2 Biosystems and its competitors.
Is T2 Biosystems' Change In Inventory too high?
T2 Biosystems' current Change In Inventory is $0.79 Mil. Overall, T2 Biosystems has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does T2 Biosystems' Change In Inventory compare to IDTA and NSTM?
T2 Biosystems' Change In Inventory of $0.79 Mil can be compared against companies in the Medical Diagnostics & Research 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 Medical Diagnostics & Research company?
A good Change In Inventory depends on the Medical Diagnostics & Research 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 T2 Biosystems and its competitors. T2 Biosystems's current Change In Inventory is $0.79 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T2 Biosystems stock overvalued right now?
T2 Biosystems (TTOO) has a current Change In Inventory of $0.79 Mil. The current Change In Inventory is $0.79 Mil. T2 Biosystems' overall GF Score™ is 12/100. 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 T2 Biosystems (TTOO), the current Change In Inventory is $0.79 Mil as of Sep. 2024. 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.

T2 Biosystems Business Description

Address 101 Hartwell Avenue, Lexington, MA, USA, 02421
T2 Biosystems Inc is a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes. It is dedicated to improving patient care and reducing the cost of care by helping clinicians effectively treat patients faster than ever before. The company's products include the T2Dx Instrument, the T2Bacteria Panel, the T2Candida Panel, the T2Resistance Panel, and the T2Biothreat Panel, and are powered by the proprietary T2 Magnetic Resonance technology.
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