Days Inventory is also known as Days Sales of Inventory (DSI). OmniTek Engineering's Average Total Inventories for the
three
months ended in Dec. 2023 was $0.43 Mil. OmniTek Engineering's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $0.23 Mil.
Hence, OmniTek Engineering's Days Inventory for the
three
months ended in Dec. 2023 was 168.87.
The historical rank and industry rank for OmniTek Engineering's Days Inventory or its related term are showing as below:
OMTK'
s Days Inventory Range Over the Past 10 Years
Min: 259.01 Med: 624.53 Max: 975.62
Current: 268.12
During the past 13 years, OmniTek Engineering's highest Days Inventory was 975.62. The lowest was 259.01. And the median was 624.53.
OMTK's Days Inventory is ranked worse than 94.82% of 1255
companies
in the Vehicles & Parts industry
Industry Median: 81.77
vs OMTK: 268.12
OmniTek Engineering's Days Inventory
declined
from Dec. 2022 (278.01) to Dec. 2023 (168.87).
Inventory Turnover measures how fast the company turns over its inventory within a year.
OmniTek Engineering's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.54.
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
three
months ended in Dec. 2023 was 1.32.
OmniTek Engineering Days Inventory Historical Data
The historical data trend for OmniTek Engineering'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.
Competitive Comparison of OmniTek Engineering's Days Inventory
For the Auto Parts subindustry, OmniTek Engineering'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.
OmniTek Engineering's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, OmniTek Engineering's Days Inventory distribution charts can be found below:
* The bar in red indicates where OmniTek Engineering's Days Inventory falls into.
OmniTek Engineering Days Inventory Calculation
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 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.
OmniTek Engineering (OTCPK:OMTK) 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.
OmniTek Engineering's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
OmniTek Engineering's Inventory to Revenue 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.
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.
OmniTek Engineering Days Inventory Related Terms
Thank you for viewing the detailed overview of OmniTek Engineering's Days Inventory 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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