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Otis Worldwide Change In Inventory

: $-72 Mil (TTM As of Sep. 2020)
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Otis Worldwide's change in inventory for the quarter that ended in Sep. 2020 was $-30 Mil. It means Otis Worldwide's inventory increased by $30 Mil from Jun. 2020 to Sep. 2020 .

Otis Worldwide's change in inventory for the fiscal year that ended in Dec. 2019 was $60 Mil. It means Otis Worldwide's inventory declined by $60 Mil from Dec. 2018 to Dec. 2019 .

Otis Worldwide's Total Inventories for the quarter that ended in Sep. 2020 was $667 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Otis Worldwide's Days Inventory for the quarter that ended in Sep. 2020 was 25.83.

Total Inventories can be measured by Days Sales of Inventory (DSI). Otis Worldwide's days sales of inventory (DSI) for the quarter that ended in Sep. 2020 was 18.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Otis Worldwide's Inventory Turnover for the quarter that ended in Sep. 2020 was 3.53.

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. Otis Worldwide's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.20.

Otis Worldwide Change In Inventory Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Otis Worldwide Annual Data
Dec17 Dec18 Dec19
Change In Inventory -109.00 24.00 60.00

Otis Worldwide Quarterly Data
Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Change In Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 29.00 -49.00 -22.00 -30.00

Otis Worldwide 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 Sep. 2020 was 29 (Dec. 2019 ) + -49 (Mar. 2020 ) + -22 (Jun. 2020 ) + -30 (Sep. 2020 ) = $-72 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Otis Worldwide  (NYSE:OTIS) Change In Inventory Explanation

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

Otis Worldwide's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Total Inventories/Cost of Goods Sold*Days in Period
=648/2289*365 / 4
=25.83

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

Otis Worldwide's Days Sales of Inventory for the quarter that ended in Sep. 2020 is calculated as

Days Sales of Inventory (DSI)=Total Inventories/Revenue*Days in Period
=648/3268*365 / 4
=18.09

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

Otis Worldwide's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

Inventory Turnover=Cost of Goods Sold / Total Inventories
=2289 / 648
=3.53

4. 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.

Otis Worldwide's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue=Total Inventories / Revenue
=648 / 3268
=0.20

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Otis Worldwide Change In Inventory Related Terms

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