Optical Cable (Optical Cable) Change In Inventory : $-0.76 Mil (TTM As of Jan. 2024)

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What is Optical Cable Change In Inventory?

Optical Cable's change in inventory for the quarter that ended in Jan. 2024 was $0.74 Mil. It means Optical Cable's inventory declined by $0.74 Mil from Oct. 2023 to Jan. 2024 .

Optical Cable's change in inventory for the fiscal year that ended in Oct. 2023 was $-4.33 Mil. It means Optical Cable's inventory increased by $4.33 Mil from Oct. 2022 to Oct. 2023 .

Optical Cable's Total Inventories for the quarter that ended in Jan. 2024 was $23.02 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Optical Cable's Days Inventory for the quarter that ended in Jan. 2024 was 191.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Optical Cable's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.48.

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. Optical Cable's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.57.

Optical Cable Change In Inventory Historical Data

The historical data trend for Optical Cable'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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Optical Cable Change In Inventory Chart

Optical Cable Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Change In Inventory

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-0.62

1.00

0.80

-3.14

-4.33

Optical Cable Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Inventory	Get a 7-Day Free Trial															-2.82	-0.84	-1.85	1.18	0.74

Optical Cable 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.76 Mil.

Optical Cable (NAS:OCC) Change In Inventory Explanation

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

Optical Cable's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	23.3945	/	11.141	*	365 / 4
	=	191.61

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

Optical Cable's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.141	/	23.3945
	=	0.48

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.

Optical Cable's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.3945	/	14.855
	=	1.57

Optical Cable Change In Inventory Related Terms

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Optical Cable (Optical Cable) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optical Cable Corp (NAS:OCC) » Definitions » Change In Inventory

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OCC:Germany

Address

5290 Concourse Drive, Roanoke, VA, USA, 24019

Website

https://www.occfiber.com

Optical Cable Corp manufactures tight-buffered fiber optic & copper data communication cables, data communication connectivity solutions for enterprise markets, and customized solutions for specialty use & harsh environments. Its products and services include designs and customized products for specialty applications and harsh environments, cabling, connectors, patch cords, assemblies, racks, cabinets, datacom enclosures, patch panels, faceplates, and multi-media boxes. The company supplies its products and services to industries such as the military, industrial, mining, petrochemical, broadcast, oil & gas, and others.

Executives

Randall H Frazier	director
Wilkin Neil D Jr	director, officer: President and CFO
Williamson John B Iii	director	PO BOX 13007, ROANOKE VA 24030
Nygren John A Jr	director	567 SEAFORD LANE, MATHEWS VA 23109
Craig H Weber	director
William Russell Reynolds	officer: SR VP OF SALES	106 DISTANT VIEW DRIVE, ASHEVILLE NC 28803
Tracy G Smith	officer: Chief Financial Officer
Luke J Huybrechts	director, officer: SVP Sales
Charles W Carson	officer: SVP Marketing & Strategy
Ted W Leonard	officer: VP Sales - USA
John M Holland	director