Ossen Innovation Co (Ossen Innovation Co) Days Inventory : 84.95 (As of Dec. 2020)

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What is Ossen Innovation Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ossen Innovation Co's Average Total Inventories for the six months ended in Dec. 2020 was $32.7 Mil. Ossen Innovation Co's Cost of Goods Sold for the six months ended in Dec. 2020 was $70.3 Mil. Hence, Ossen Innovation Co's Days Inventory for the six months ended in Dec. 2020 was 84.95.

The historical rank and industry rank for Ossen Innovation Co's Days Inventory or its related term are showing as below:

OSN' s Days Inventory Range Over the Past 10 Years
Min: 44.2 Med: 62.79 Max: 96.33
Current: 85.29

During the past 13 years, Ossen Innovation Co's highest Days Inventory was 96.33. The lowest was 44.20. And the median was 62.79.

OSN's Days Inventory is not ranked
in the Steel industry.
Industry Median: 85.62 vs OSN: 85.29

Ossen Innovation Co's Days Inventory increased from Dec. 2019 (36.57) to Dec. 2020 (84.95). It might indicate that Ossen Innovation Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ossen Innovation Co's Inventory Turnover for the six months ended in Dec. 2020 was 2.15.

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 six months ended in Dec. 2020 was 0.39.

Ossen Innovation Co Days Inventory Historical Data

The historical data trend for Ossen Innovation Co's Days 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.

* Premium members only.

Ossen Innovation Co Days Inventory Chart

Ossen Innovation Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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96.33

61.20

48.40

50.55

84.71

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
Days Inventory	Get a 7-Day Free Trial															50.65	44.43	36.57	86.58	84.95

Competitive Comparison of Ossen Innovation Co's Days Inventory

For the Steel subindustry, Ossen Innovation Co's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Ossen Innovation Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ossen Innovation Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ossen Innovation Co's Days Inventory falls into.

Ossen Innovation Co Days Inventory Calculation

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 fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (15.1	+	38.209)	/	2 )	/	114.855	*	365
=	26.6545					/	114.855	*	365
=	84.71

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

	Days Inventory (Q: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (27.204	+	38.209)	/	2 )	/	70.267	*	365 / 2
=	32.7065					/	70.267	*	365 / 2
=	84.95

Ossen Innovation Co (NAS:OSN) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	70.267	/	32.7065
	=	2.15

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	32.7065	/	83.727
	=	0.39

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Ossen Innovation Co Days Inventory Related Terms

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Ossen Innovation Co (Ossen Innovation Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ossen Innovation Co Ltd (NAS:OSN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

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.