What is Tactile Systems Technology Inventory-to-Revenue?
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. Tactile Systems Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was $21.7 Mil. Tactile Systems Technology's Revenue for the
three
months ended in Mar. 2024 was $61.1 Mil.
Tactile Systems Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.36.
Tactile Systems Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024
increased
from Dec. 2023 (0.30) to Dec. 2023 (0.36)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tactile Systems Technology's Days Inventory for the
three
months ended in Mar. 2024 was 112.06.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tactile Systems Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.81.
Tactile Systems Technology Inventory-to-Revenue Historical Data
* 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.
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Tactile Systems Technology Inventory-to-Revenue Chart
Competitive Comparison of Tactile Systems Technology's Inventory-to-Revenue
For the Medical Devices subindustry, Tactile Systems Technology's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Tactile Systems Technology's Inventory-to-Revenue Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Tactile Systems Technology's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Tactile Systems Technology's Inventory-to-Revenue falls into.
Tactile Systems Technology Inventory-to-Revenue Calculation
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.
Tactile Systems Technology's Inventory-to-Revenue 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.
Tactile Systems Technology (NAS:TCMD) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tactile Systems Technology's Days Inventory for the
three
months ended in Mar. 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.
Tactile Systems Technology Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Tactile Systems Technology's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Tactile Systems Technology (Tactile Systems Technology) Business Description
Tactile Systems Technology Inc is a medical technology company. The company is engaged in developing and providing medical devices for the treatment of chronic diseases. The firm's proprietary platform flexitouch system provides a home-based solution for lymphedema patients. The entire system is another home solution for patients with chronic swelling and actitouch system for chronic venous insufficiency patients that may be worn throughout the day.
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