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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:
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.
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.
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.
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 | Mar24 | |
Days Inventory | Get a 7-Day Free Trial | 188.14 | 233.80 | 271.38 | 99.05 | 77.44 |
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.
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.
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 |
* 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 (OTCPK:HLTHQ) 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 |
* 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.
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.
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.
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 |
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