Omega Protein (Omega Protein) Inventory Turnover : 0.68 (As of Sep. 2017)

View and export this data going back to 1998. Start your Free Trial

What is Omega Protein Inventory Turnover?

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. Omega Protein's Cost of Goods Sold for the three months ended in Sep. 2017 was $76.5 Mil. Omega Protein's Average Total Inventories for the quarter that ended in Sep. 2017 was $112.5 Mil. Omega Protein's Inventory Turnover for the quarter that ended in Sep. 2017 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Omega Protein's Days Inventory for the three months ended in Sep. 2017 was 134.26.

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. Omega Protein's Inventory-to-Revenue for the quarter that ended in Sep. 2017 was 1.25.

Omega Protein Inventory Turnover Historical Data

The historical data trend for Omega Protein'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.

* Premium members only.

Omega Protein Inventory Turnover Chart

Omega Protein Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Inventory Turnover

Get a 7-Day Free Trial

2.94

2.01

2.41

2.39

2.42

Omega Protein Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Inventory Turnover	Get a 7-Day Free Trial															0.69	0.56	0.49	0.65	0.68

Omega Protein Inventory Turnover Calculation

Omega Protein's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Inventory Turnover (A: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2016 )	/ (	(Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )
=	276.932	/ (	(119.994	+	108.711)	/	2 )
=	276.932	/	114.3525
=	2.42

Omega Protein's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

	Inventory Turnover (Q: Sep. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2017 )	/ (	(Total Inventories (Q: Jun. 2017 )	+	Total Inventories (Q: Sep. 2017 ))	/	count )
=	76.491	/ (	(110.708	+	114.383)	/	2 )
=	76.491	/	112.5455
=	0.68

Omega Protein (NYSE:OME) 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.

Omega Protein's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2017 )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
	=	112.5455	/	76.491	*	365 / 4
	=	134.26

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.

Omega Protein's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2017 )	/	Revenue (Q: Sep. 2017 )
	=	112.5455	/	90.285
	=	1.25

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.

Omega Protein Inventory Turnover Related Terms

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

Omega Protein (Omega Protein) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Omega Protein Corp (NYSE:OME) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.omegaproteininc.com

Omega Protein Corp is a nutritional ingredient company. It develops, produces and delivers healthy products throughout the world to improve nutritional integrity of foods, dietary supplements and animal feeds.

Executives

Celeste A. Clark	director	C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242
David H Clarke	director	777 SOUTH FLAGLER DRIVE SUITE 1108, WEST PALM BEACH FL 33401
Michael Christodolou	director	2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Mark A Livingston	officer: VP & Chief Accounting Officer	2105 CITY WEST BLVD., SUITE 500, HOUSTON TX 77042
Andrew Johannesen	officer: Executive VP and CFO	2105 CITY WEST BLVD., SUITE 500, HOUSTON TX 77042
Nicodemus Harry O Iv	director	5051 WESTHEIMER, SUITE 725, HOUSTON TX 77056
Marxe Austin W & Greenhouse David M	10 percent owner	C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Harbinger Group Inc.	10 percent owner	3001 DEMING WAY, MIDDLETON WI 53562
Leonard Disalvo	director	100 MERIDIAN CENTRE, SUITE 350, ROCHESTER NY 14614

Omega Protein (Omega Protein) Headlines

From GuruFocus

Omega Protein: Can You Swallow the Volatility?

By Robert Abbott Robert Abbott • 06-04-2014

Omega Protein Corp. Reports Operating Results (10-Q)

By gurufocus 10qk • 05-06-2010

Omega Protein Corp. (OME) CEO Rosenberg Joseph L Iii Von buys 7,000 Shares

By gurufocus • 05-14-2009

Omega Protein Corp. Reports Operating Results (10-Q)

By gurufocus • 05-08-2009