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Otis Worldwide Days Inventory

: 25.83 (As of Sep. 2020)
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Otis Worldwide's Total Inventories for the three months ended in Sep. 2020 was $648 Mil. Otis Worldwide's Cost of Goods Sold for the three months ended in Sep. 2020 was $2,289 Mil. Hence, Otis Worldwide's Days Inventory for the three months ended in Sep. 2020 was 25.83.

NYSE:OTIS' s Days Inventory Range Over the Past 10 Years
Min: 23.73   Med: 24.52   Max: 25.33
Current: 25.33
23.73
25.33

During the past 3 years, Otis Worldwide's highest Days Inventory was 25.33. The lowest was 23.73. And the median was 24.52.

NYSE:OTIS's Days Inventory is ranked higher than
96% of the 2472 Companies
in the Industrial Products industry.

( Industry Median: 116.04 vs. NYSE:OTIS: 25.33 )

Otis Worldwide's Days Inventory increased from Sep. 2019 (0.00) to Sep. 2020 (25.83). It might indicate that Otis Worldwide's sales slowed down.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Otis Worldwide's Inventory Turnover for the three months 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 three months ended in Sep. 2020 was 0.20.

Otis Worldwide Days 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
Days Inventory 0.00 25.30 23.73

Otis Worldwide Quarterly Data
Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 21.83 25.80 26.21 25.83
Competitive Comparison
* 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.

Otis Worldwide Days Inventory Distribution

* The bar in red indicates where Otis Worldwide's Days Inventory falls into.


Otis Worldwide Days Inventory Calculation

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 fiscal year that ended in Dec. 2019 is calculated as

Days Inventory (A: Dec. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2018 ) + Total Inventories (A: Dec. 2019 )) / count ) / Cost of Goods Sold (A: Dec. 2019 )*Days in Period
=( (637 + 571) / 2 ) / 9292*365
=604 / 9292*365
=23.73

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

Days Inventory (Q: Sep. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2020 ) + Total Inventories (Q: Sep. 2020 )) / count ) / Cost of Goods Sold (Q: Sep. 2020 )*Days in Period
=( (629 + 667) / 2 ) / 2289*365 / 4
=648 / 2289*365 / 4
=25.83

* 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) Days Inventory Explanation

An increase of Days Inventory may indicate the company's sales slowed.

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

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

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

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

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

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

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.

Otis Worldwide's Inventory to Revenue for the three months 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.

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.

Otis Worldwide Days Inventory Related Terms

Otis Worldwide Days Inventory Headlines

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