Optare (LSE:OPE) Change In Inventory: £1.53 Mil (TTM As of Sep. 2014)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Optare Change In Inventory?

Optare LSE:OPE Change In Inventory is £1.53 Mil as of Sep. 2014. The stock has 3 warning signs investors should review.

Optare's change in inventory for the quarter that ended in Sep. 2014 was £3.61 Mil. It means Optare's inventory declined by £3.61 Mil from Mar. 2014 to Sep. 2014 .

Optare's change in inventory for the fiscal year that ended in Mar. 2014 was £-2.09 Mil. It means Optare's inventory increased by £2.09 Mil from Mar. 2013 to Mar. 2014 .

Optare's Total Inventories for the quarter that ended in Sep. 2014 was £8.81 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Optare's Days Inventory for the quarter that ended in Sep. 2014 was 72.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. Optare's Inventory Turnover for the quarter that ended in Sep. 2014 was 2.51.

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. Optare's Inventory-to-Revenue for the quarter that ended in Sep. 2014 was 0.36.

Optare  (LSE:OPE) Change In Inventory Explanation

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

Optare's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=10.6175/26.61*365 / 2
=72.82

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

Optare's Inventory Turnover for the quarter that ended in Sep. 2014 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=26.61 / 10.6175
=2.51

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.

Optare's Inventory to Revenue for the quarter that ended in Sep. 2014 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=10.6175 / 29.396
=0.36

* 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.

Optare Change In Inventory Related Terms

Optare Change In Inventory Historical Data

* Premium members only.

The historical data trend for Optare's Change In 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.

Optare Change In Inventory Chart

Optare Annual Data
Trend Dec08 Dec09 Dec10 Mar12 Mar13 Mar14
Change In Inventory
Get a 7-Day Free Trial 9.05 0.04 -3.16 0.94 -2.09

Optare Semi-Annual Data
Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.87 0.94 4.29 -2.09 3.61

Optare Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1.53 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of £1.53 Mil mean?
Optare (LSE:OPE) has a Change In Inventory of £1.53 Mil as of Sep. 2014. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Optare and its competitors.
Is Optare's Change In Inventory too high?
Optare's current Change In Inventory is £1.53 Mil.
How does Optare's Change In Inventory compare to competitors?
Optare's Change In Inventory of £1.53 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Vehicles & Parts company?
A good Change In Inventory depends on the Vehicles & Parts industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Optare and its competitors. Optare's current Change In Inventory is £1.53 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optare stock overvalued right now?
Optare (LSE:OPE) has a current Change In Inventory of £1.53 Mil. The current Change In Inventory is £1.53 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Optare (LSE:OPE), the current Change In Inventory is £1.53 Mil as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Optare Business Description

Optare PLC is a company incorporated and domiciled in United Kingdom on January 23, 2008. The Company is engaged in designing, manufacturing and selling deck and double deck buses, and also offers after sales service. The company operates in the United Kingdom. The Company's products include; Solo a mini-bus, Metro city and Versa a Midi-buses, Tempo a Full size single deck bus, and Metrodecker a Double-decker bus. It also provides refurbishment services; and technical training, support services, and parts.