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. OmniTek Engineering's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.43 Mil. OmniTek Engineering's Revenue for the
three
months ended in Dec. 2023 was $0.32 Mil.
OmniTek Engineering's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.32.
OmniTek Engineering's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Sep. 2023 (1.87) to Sep. 2023 (1.32)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
OmniTek Engineering's Days Inventory for the
three
months ended in Dec. 2023 was 168.87.
Inventory Turnover measures how fast the company turns over its inventory within a year.
OmniTek Engineering's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.54.
OmniTek Engineering Inventory-to-Revenue Historical Data
The historical data trend for OmniTek Engineering's Inventory-to-Revenue 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.
Competitive Comparison of OmniTek Engineering's Inventory-to-Revenue
For the Auto Parts subindustry, OmniTek Engineering's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
OmniTek Engineering's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, OmniTek Engineering's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where OmniTek Engineering's Inventory-to-Revenue falls into.
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.
OmniTek Engineering's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
OmniTek Engineering's Days Inventory for the
three
months ended in Dec. 2023 is calculated as:
* 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.
OmniTek Engineering Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of OmniTek Engineering's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
OmniTek Engineering (OmniTek Engineering) Business Description
OmniTek Engineering Corp is a developer or manufacturer of patented hotwires spark plug wires. It develops and sells proprietary diesel-to-natural gas engine conversion systems and complementary products, including new natural gas engines that utilize the Company's technology. Omnitek products are available for stationary applications in the transportation industry, which includes light commercial vehicles, minibuses, heavy-duty trucks, municipal buses, as well as rail and marine applications.
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