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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Rapid Micro Biosystems's Cost of Goods Sold for the three months ended in Dec. 2024 was $7.24 Mil. Rapid Micro Biosystems's Average Total Inventories for the quarter that ended in Dec. 2024 was $20.73 Mil. Rapid Micro Biosystems's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.35.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rapid Micro Biosystems's Days Inventory for the three months ended in Dec. 2024 was 261.34.
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. Rapid Micro Biosystems's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 2.52.
The historical data trend for Rapid Micro Biosystems's Inventory Turnover 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.
Rapid Micro Biosystems Annual Data | |||||||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||
Inventory Turnover | Get a 7-Day Free Trial | 3.28 | 2.51 | 1.39 | 1.36 | 1.40 |
Rapid Micro Biosystems Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Inventory Turnover | Get a 7-Day Free Trial |
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0.32 | 0.35 | 0.33 | 0.33 | 0.35 |
Rapid Micro Biosystems's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as
Inventory Turnover (A: Dec. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2024 ) | / ( | (Total Inventories (A: Dec. 2023 ) | + | Total Inventories (A: Dec. 2024 )) | / | count ) |
= | 28.16 | / ( | (19.961 | + | 20.2) | / | 2 ) |
= | 28.16 | / | 20.0805 | ||||
= | 1.40 |
Rapid Micro Biosystems's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover (Q: Dec. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Dec. 2024 ) | / ( | (Total Inventories (Q: Sep. 2024 ) | + | Total Inventories (Q: Dec. 2024 )) | / | count ) |
= | 7.237 | / ( | (21.253 | + | 20.2) | / | 2 ) |
= | 7.237 | / | 20.7265 | ||||
= | 0.35 |
* 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.
Rapid Micro Biosystems (NAS:RPID) Inventory Turnover Explanation
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Rapid Micro Biosystems's Days Inventory for the three months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 20.7265 | / | 7.237 | * | 365 / 4 | |
= | 261.34 |
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.
Rapid Micro Biosystems's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 20.7265 | / | 8.218 | |
= | 2.52 |
* 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
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of Rapid Micro Biosystems's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Melinda Litherland Pei | director | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Kirk Malloy | director | 5200 ILLUMINA WAY, SAN DIEGO CA 92122 |
Sean M Wirtjes | officer: Chief Financial Officer | C/O VARIAN, INC., 3120 HANSEN WAY, M/S D-083, PALO ALTO CA 94304-1030 |
Spignesi Robert G. Jr. | director, officer: President and CEO | C/O RAPID MICRO BIOSYSTEMS, INC., 1001 PAWTUCKET BOULEVARD WEST, SUITE 280, LOWELL MA 01854 |
Richard S Kollender | director | C/O QUAKER BIOVENTURES, CIRA CENTRE, 2929 ARCH STREET, 3RD FLOOR, PHILADELPHIA PA 19104-2868 |
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