Days Inventory is also known as Days Sales of Inventory (DSI). Otis Worldwide's Average Total Inventories for the
three
months ended in Dec. 2023 was $618 Mil. Otis Worldwide's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2,552 Mil.
Hence, Otis Worldwide's Days Inventory for the
three
months ended in Dec. 2023 was 22.10.
The historical rank and industry rank for Otis Worldwide's Days Inventory or its related term are showing as below:
OTIS'
s Days Inventory Range Over the Past 10 Years
Min: 22.39 Med: 23.45 Max: 25.3
Current: 22.85
During the past 7 years, Otis Worldwide's highest Days Inventory was 25.30. The lowest was 22.39. And the median was 23.45.
OTIS's Days Inventory is ranked better than 96.28% of 2907
companies
in the Industrial Products industry
Industry Median: 120.15
vs OTIS: 22.85
Otis Worldwide's Days Inventory
declined
from Dec. 2022 (22.45) to Dec. 2023 (22.10).
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 Dec. 2023 was 4.13.
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 Dec. 2023 was 0.17.
Otis Worldwide Days Inventory Historical Data
The historical data trend for Otis Worldwide'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 Otis Worldwide's Days Inventory
For the Specialty Industrial Machinery subindustry, Otis Worldwide'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.
Otis Worldwide's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Otis Worldwide's Days Inventory distribution charts can be found below:
* 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. 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.
Otis Worldwide (NYSE:OTIS) 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.
Otis Worldwide'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.
Otis Worldwide'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.
Otis Worldwide Days Inventory Related Terms
Thank you for viewing the detailed overview of Otis Worldwide's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Otis Worldwide (Otis Worldwide) Business Description
Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.
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