Ozop Energy Solutions (Ozop Energy Solutions) Inventory Turnover

: 0.68 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ozop Energy Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.11 Mil. Ozop Energy Solutions's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.65 Mil. Ozop Energy Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ozop Energy Solutions's Days Inventory for the three months ended in Dec. 2023 was 134.95.

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. Ozop Energy Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.96.

Ozop Energy Solutions Inventory Turnover Historical Data

The historical data trend for Ozop Energy Solutions's Inventory Turnover 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.

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Ozop Energy Solutions Annual Data

Trend

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

0.47

2.11

17.03

6.96

2.29

Ozop Energy Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																1.94	0.91	0.87	0.06	0.68

Ozop Energy Solutions Inventory Turnover Calculation

Ozop Energy Solutions's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	5.368	/ (	(3.601	+	1.09)	/	2 )
=	5.368	/	2.3455
=	2.29

Ozop Energy Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.113	/ (	(2.202	+	1.09)	/	2 )
=	1.113	/	1.646
=	0.68

Ozop Energy Solutions (OTCPK:OZSC) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Ozop Energy Solutions's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.646	/	1.113	*	365 / 4
	=	134.95

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.

Ozop Energy Solutions's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.646	/	0.556
	=	2.96

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Ozop Energy Solutions Inventory Turnover Related Terms

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Ozop Energy Solutions (Ozop Energy Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ozop Energy Solutions Inc (OTCPK:OZSC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Ronald Reagan Boulevard, Warwick, NY, USA, 10990

Website

https://www.ozopenergy.com

Ozop Energy Solutions Inc is engaged in the renewable, electric vehicle, energy storage, and energy resiliency sectors. The company invents, designs, develops, manufactures, and distributes ultra-high power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. The components it distributes include PV panels, solar inverters, solar mounting systems, stationary batteries, onsite generators, and other associated electrical equipment and components that are all manufactured by multiple companies, both domestic and international.

Executives

Thomas J Mcleer	officer: Chief Operating Officer	20 BLUE HORIZON, LAGUNA NIGUEL CA 92677
Michael D Chermak	director, 10 percent owner, officer: CEO
Barry S Hollander	officer: CFO	319 CLEMATIS ST, SUITE 812, WEST PALM BEACH FL 33401
Salman J Chaudhry	director, officer: COO
Eric Siu	director, 10 percent owner	319 CLEMATIS STREET, SUITE 714, WEST PALM BEACH FL 33401
Rwo Medical Consulting Llc	10 percent owner	5227 W ADAMS AVE, #401, TEMPLE TX 76502