Ossen Innovation Co (FRA:0BG2) Change In Inventory : €-19.8 Mil (TTM As of Dec. 2020)

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What is Ossen Innovation Co Change In Inventory?

Ossen Innovation Co's change in inventory for the quarter that ended in Dec. 2020 was €-9.0 Mil. It means Ossen Innovation Co's inventory increased by €9.0 Mil from Jun. 2020 to Dec. 2020 .

Ossen Innovation Co's change in inventory for the fiscal year that ended in Dec. 2020 was €-19.0 Mil. It means Ossen Innovation Co's inventory increased by €19.0 Mil from Dec. 2019 to Dec. 2020 .

Ossen Innovation Co's Total Inventories for the quarter that ended in Dec. 2020 was €31.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ossen Innovation Co's Days Inventory for the quarter that ended in Dec. 2020 was 87.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ossen Innovation Co's Inventory Turnover for the quarter that ended in Dec. 2020 was 2.08.

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. Ossen Innovation Co's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.40.

Ossen Innovation Co Change In Inventory Historical Data

The historical data trend for Ossen Innovation Co's Change In 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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Ossen Innovation Co Change In Inventory Chart

Ossen Innovation Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Change In Inventory

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1.21

10.58

-3.25

1.87

-19.00

Ossen Innovation Co Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Change In Inventory	Get a 7-Day Free Trial															-3.09	6.73	-4.97	-10.75	-9.05

Ossen Innovation Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2020 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-19.8 Mil.

Ossen Innovation Co (FRA:0BG2) Change In Inventory Explanation

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

Ossen Innovation Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	27.7825	/	57.76	*	365 / 2
	=	87.78

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ossen Innovation Co's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	57.76	/	27.7825
	=	2.08

3. 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.

Ossen Innovation Co's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	27.7825	/	68.824
	=	0.40

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Ossen Innovation Co (FRA:0BG2) Business Description

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Address

518 Shangcheng Road, Floor 17, Shanghai, CHN, 200120

Website

http://www.osseninnovation.com

Ossen Innovation Co Ltd designs, engineers, manufactures, and sells prestressed steel materials. The company's materials are used in the construction of bridges, highways and other infrastructure projects in the People's Republic of China and internationally. Its product is categorized as coated products and uncoated products. Its coated products include zinc, rare earth and plain surface prestressed concrete.It is used in the construction of new bridges and the renovation of older bridges. Uncoated products consist of wires that are twisted into a bundle and used in precast concrete plates on the riding surface of bridges. It is categorized based on size, strength, and structure.

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