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:
HLTHQ'
s Days Inventory Range Over the Past 10 Years
Min: 82.64 Med: 116.28 Max: 899.43
Current: 170.28
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.
HLTHQ's Days Inventory is ranked worse than 91.39% of 476
companies
in the Healthcare Providers & Services industry
Industry Median: 31.015
vs HLTHQ: 170.28
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.
Cue Health Days Inventory Historical Data
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.
Competitive Comparison of Cue Health's Days Inventory
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.
Cue Health's Days Inventory Distribution in the Healthcare Providers & Services Industry
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.
Cue Health Days Inventory Calculation
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
* 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
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
* 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.
Cue Health Days Inventory Related Terms
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.
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.
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