Days Inventory is also known as Days Sales of Inventory (DSI). T2 Biosystems's Average Total Inventories for the
three
months ended in Sep. 2024 was $4.50 Mil. T2 Biosystems's Cost of Goods Sold for the
three
months ended in Sep. 2024 was $4.10 Mil.
Hence, T2 Biosystems's Days Inventory for the
three
months ended in Sep. 2024 was 100.06.
The historical rank and industry rank for T2 Biosystems's Days Inventory or its related term are showing as below:
TTOO's Days Inventory is not ranked *
in the Medical Diagnostics & Research industry.
Industry Median: 70.8 * Ranked among companies with meaningful Days Inventory only.
T2 Biosystems's Days Inventory
declined
from Sep. 2023 (100.18) to Sep. 2024 (100.06).
Inventory Turnover measures how fast the company turns over its inventory within a year.
T2 Biosystems's Inventory Turnover for the
three
months 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
three
months ended in Sep. 2024 was 2.27.
T2 Biosystems (OTCPK:TTOO) 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.
T2 Biosystems's Inventory Turnover for the
three
months ended in Sep. 2024 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.
T2 Biosystems's Inventory to Revenue for the
three
months ended in Sep. 2024 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.
T2 Biosystems Days Inventory Related Terms
T2 Biosystems Days Inventory Historical Data
* Premium members only.
The historical data trend for T2 Biosystems'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.
TTOO vs IDTA, NSTM, TMO: Days Inventory Comparison
For the Diagnostics & Research subindustry, T2 Biosystems'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.
T2 Biosystems Days Inventory vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, T2 Biosystems's Days Inventory distribution charts can be found below:
* The bar in red indicates where T2 Biosystems's Days Inventory falls into.
* 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 (TTOO) has a Days Inventory of 100.06 as of Sep. 2024. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on T2 Biosystems and its competitors.
Is T2 Biosystems' Days Inventory too high?
T2 Biosystems' current Days Inventory is 100.06. The Medical Diagnostics & Research industry median Days Inventory is 70.80. T2 Biosystems' value of 100.06 is 41.3% above this industry median. Overall, T2 Biosystems has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does T2 Biosystems' Days Inventory compare to IDTA and NSTM?
T2 Biosystems' Days Inventory of 100.06 can be compared against companies in the Medical Diagnostics & Research industry. The industry median Days Inventory is 70.80. T2 Biosystems' value of 100.06 is 41.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Medical Diagnostics & Research company?
The median Days Inventory among Medical Diagnostics & Research companies is 70.80, based on 177 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. T2 Biosystems's current Days Inventory of 100.06 is 41.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on T2 Biosystems and its competitors. For the Medical Diagnostics & Research industry, the median Days Inventory is 70.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T2 Biosystems's current Days Inventory is 100.06. 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 Days Inventory of 100.06. The current Days Inventory is 100.06 and 41.3% above the Medical Diagnostics & Research industry median of 70.80. 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 Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For T2 Biosystems (TTOO), the current Days Inventory is 100.06 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 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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