OPT Sciences (OPT Sciences) Days Inventory : 85.53 (As of Jul. 2015)

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What is OPT Sciences Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). OPT Sciences's Average Total Inventories for the three months ended in Jul. 2015 was $1.03 Mil. OPT Sciences's Cost of Goods Sold for the three months ended in Jul. 2015 was $1.10 Mil. Hence, OPT Sciences's Days Inventory for the three months ended in Jul. 2015 was 85.53.

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

OPST's Days Inventory is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 139.24
* Ranked among companies with meaningful Days Inventory only.

OPT Sciences's Days Inventory increased from Jul. 2014 (78.03) to Jul. 2015 (85.53). It might indicate that OPT Sciences's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. OPT Sciences's Inventory Turnover for the three months ended in Jul. 2015 was 1.07.

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. OPT Sciences's Inventory-to-Revenue for the three months ended in Jul. 2015 was 0.52.

OPT Sciences Days Inventory Historical Data

The historical data trend for OPT Sciences'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.

* Premium members only.

OPT Sciences Days Inventory Chart

OPT Sciences Annual Data

Trend

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Days Inventory

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63.22

64.07

55.18

74.22

71.77

OPT Sciences Quarterly Data
	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15
Days Inventory	Get a 7-Day Free Trial															78.03	61.49	64.17	84.70	85.53

Competitive Comparison of OPT Sciences's Days Inventory

For the Aerospace & Defense subindustry, OPT Sciences'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.

OPT Sciences's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, OPT Sciences's Days Inventory distribution charts can be found below:

* The bar in red indicates where OPT Sciences's Days Inventory falls into.

OPT Sciences Days Inventory Calculation

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

OPT Sciences's Days Inventory for the fiscal year that ended in Oct. 2014 is calculated as

	Days Inventory (A: Oct. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2013 )	+	Total Inventories (A: Oct. 2014 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2014 )	*	Days in Period
=	( (0.955	+	0.858)	/	2 )	/	4.61	*	365
=	0.9065					/	4.61	*	365
=	71.77

OPT Sciences's Days Inventory for the quarter that ended in Jul. 2015 is calculated as:

	Days Inventory (Q: Jul. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Apr. 2015 )	+	Total Inventories (Q: Jul. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2015 )	*	Days in Period
=	( (0.993	+	1.069)	/	2 )	/	1.1	*	365 / 4
=	1.031					/	1.1	*	365 / 4
=	85.53

OPT Sciences (OTCPK:OPST) 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.

OPT Sciences's Inventory Turnover for the three months ended in Jul. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.1	/	1.031
	=	1.07

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.

OPT Sciences's Inventory to Revenue for the three months ended in Jul. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.031	/	1.975
	=	0.52

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.

OPT Sciences Days Inventory Related Terms

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

OPT Sciences (OPT Sciences) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » OPT Sciences Corp (OTCPK:OPST) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1912 Bannard Street, Cinnaminson, NJ, USA, 08077

Website

http://www.optsciences.com

OPT Sciences Corp through its operating subsidiary O & S Research, manufactures precision optical components for the Aerospace Industry. It provides anti-glare optical coatings, panels for liquid crystal displays ("LCD"), LCD glass heaters, and electromagnetic interference shielding glass. In addition, it also offers glass cutting, grinding, and painting services. Geographically, the activities are performed in the United States and it derives revenue from product sales when products are shipped to customers.

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