What is NovoCure's inventory turnover?

NovoCure (NVCR) reported inventory turnover of 4× in Q1 2026.

How has NovoCure's inventory turnover changed year-over-year?

NovoCure's inventory turnover increased by 16.3% year-over-year, from 3.5× to 4×.

What is the long-term trend for NovoCure's inventory turnover?

Over 5 years (2020 to 2025), NovoCure's inventory turnover has grown at a 1.0% compound annual growth rate (CAGR), from 4.2× to 4.4×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

NovoCure NVCR Inventory turnover

Inventory turnover at other companies

Boston ScientificBSX

2.1×+0.1×

MedtronicMDT

2.2×+0.1×

Iovance Biotherapeutics, Inc.IOVA

2.9×-0.5×

ALN

Alnylam PharmaceuticalsALNY

10.9×+6.9×

BridgeBio PharmaBBIO

1.5×—

ExelixisEXEL

1.2×+0.2×

Other financials

Income statement

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Revenue$174.1M+12.3%

Gross profit$135.1M+16.0%

Operating income-$67.4M-78.1%

Net income-$71.1M-107%

EPS (diluted)-$0.62-100%

Balance sheet

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Cash & equivalents$87.5M-31.2%

Total debt$39.5M-2.1%

Total equity$330.7M-8.6%

Total assets$787.9M-36.9%

Cash flow

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Operating cash flow-$13.5M+62.1%

CapEx$5.2M-51.4%

Free cash flow-$18.7M+59.7%

Valuation

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Market cap$1.7B-36.7%

Profitability

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Gross margin75.2%-2.0pp

Operating margin-27.2%+0.4pp

Net margin-25.7%-0.7pp

FCF margin-7.1%-2.0pp

Returns & leverage

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Return on equity-50%+5.4pp

Debt / equity0.1×0.0×

Current ratio2.9×+1.4×

Where this comes from

Calculated from NovoCure’s reported figures.

total cost of revenue/inventories=4×

Based on trailing twelve months.

The official record: NovoCure’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NovoCure's inventory turnover?: NovoCure (NVCR) reported inventory turnover of 4× in Q1 2026.
How has NovoCure's inventory turnover changed year-over-year?: NovoCure's inventory turnover increased by 16.3% year-over-year, from 3.5× to 4×.
What is the long-term trend for NovoCure's inventory turnover?: Over 5 years (2020 to 2025), NovoCure's inventory turnover has grown at a 1.0% compound annual growth rate (CAGR), from 4.2× to 4.4×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.