OmniVision Technologies (OmniVision Technologies) Days Inventory : 110.90 (As of Oct. 2015)

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What is OmniVision Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). OmniVision Technologies's Average Total Inventories for the three months ended in Oct. 2015 was $326 Mil. OmniVision Technologies's Cost of Goods Sold for the three months ended in Oct. 2015 was $268 Mil. Hence, OmniVision Technologies's Days Inventory for the three months ended in Oct. 2015 was 110.90.

The historical rank and industry rank for OmniVision Technologies's Days Inventory or its related term are showing as below:

OVTI's Days Inventory is not ranked ^*
in the Semiconductors industry.
Industry Median: 130.435
* Ranked among companies with meaningful Days Inventory only.

OmniVision Technologies's Days Inventory increased from Oct. 2014 (93.19) to Oct. 2015 (110.90). It might indicate that OmniVision Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. OmniVision Technologies's Inventory Turnover for the three months ended in Oct. 2015 was 0.82.

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. OmniVision Technologies's Inventory-to-Revenue for the three months ended in Oct. 2015 was 0.95.

OmniVision Technologies Days Inventory Historical Data

The historical data trend for OmniVision Technologies'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.

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OmniVision Technologies Days Inventory Chart

OmniVision Technologies Annual Data

Trend

Apr06

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Days Inventory

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64.79

111.85

113.16

108.62

104.36

OmniVision Technologies Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15
Days Inventory	Get a 7-Day Free Trial															93.19	141.51	146.05	118.74	110.90

Competitive Comparison of OmniVision Technologies's Days Inventory

For the Semiconductors subindustry, OmniVision Technologies'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.

OmniVision Technologies's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, OmniVision Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where OmniVision Technologies's Days Inventory falls into.

OmniVision Technologies Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

OmniVision Technologies's Days Inventory for the fiscal year that ended in Apr. 2015 is calculated as

	Days Inventory (A: Apr. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2014 )	+	Total Inventories (A: Apr. 2015 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2015 )	*	Days in Period
=	( (270.935	+	343.966)	/	2 )	/	1075.326	*	365
=	307.4505					/	1075.326	*	365
=	104.36

OmniVision Technologies's Days Inventory for the quarter that ended in Oct. 2015 is calculated as:

	Days Inventory (Q: Oct. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2015 )	+	Total Inventories (Q: Oct. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2015 )	*	Days in Period
=	( (320.598	+	331.032)	/	2 )	/	268.076	*	365 / 4
=	325.815					/	268.076	*	365 / 4
=	110.90

OmniVision Technologies (NAS:OVTI) 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.

OmniVision Technologies's Inventory Turnover for the three months ended in Oct. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	268.076	/	325.815
	=	0.82

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.

OmniVision Technologies's Inventory to Revenue for the three months ended in Oct. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	325.815	/	343.136
	=	0.95

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.

OmniVision Technologies Days Inventory Related Terms

Thank you for viewing the detailed overview of OmniVision Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

OmniVision Technologies (OmniVision Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » OmniVision Technologies Inc (NAS:OVTI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ovt.com

OmniVision Technologies Inc is a Delaware corporation, incorporated in May 1995 in California, and reincorporated in Delaware in March 2000. The Company designs, develops and markets high-performance, highly integrated and cost-efficient semiconductor image-sensor devices. Its products include image-sensing devices namely CameraChip image sensors. Its image sensors capture an image electronically and are used in a number of consumer and commercial mass-market applications. Its CameraChip image sensors are manufactured using the complementary metal oxide semiconductor, or CMOS, fabrication process and are predominantly single-chip solutions that integrate several distinct functions including image capture, image processing, color processing, signal conversion and output of a fully processed image or video stream. It sells directly to OEMs and VARs and indirectly through distributors. OEMs include branded camera device manufacturers and contract manufacturers. The Company sells its products through a direct sales force and indirectly through distributors. It relies on a combination of patents, copyrights, trademarks and trade secrets, as well as nondisclosure agreements and other methods, to protect various aspects of its CameraChip and CameraCubeChip image sensors. Its competitors include ON Semiconductor, Samsung, Sharp, Sony, STMicroelectronics and Toshiba.

Executives

Dwight Steffensen

director