OST (Ostin Technology Group Co) Change In Inventory : $3.29 Mil (TTM As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Ostin Technology Group Co Change In Inventory?

Ostin Technology Group Co's change in inventory for the quarter that ended in Mar. 2024 was $3.16 Mil. It means Ostin Technology Group Co's inventory declined by $3.16 Mil from Sep. 2023 to Mar. 2024 .

Ostin Technology Group Co's change in inventory for the fiscal year that ended in Sep. 2023 was $-0.30 Mil. It means Ostin Technology Group Co's inventory increased by $0.30 Mil from Sep. 2022 to Sep. 2023 .

Ostin Technology Group Co's Total Inventories for the quarter that ended in Mar. 2024 was $11.12 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ostin Technology Group Co's Days Inventory for the quarter that ended in Mar. 2024 was 165.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ostin Technology Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.10.

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. Ostin Technology Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.85.

Ostin Technology Group Co Change In Inventory Historical Data

The historical data trend for Ostin Technology Group Co'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.

* Premium members only.

Ostin Technology Group Co Change In Inventory Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

-4.93

-5.75

-0.56

1.60

-0.30

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Change In Inventory	Get a 7-Day Free Trial					-0.85	2.45	-0.43	0.13	3.16

Ostin Technology Group Co 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $3.29 Mil.

Ostin Technology Group Co (NAS:OST) Change In Inventory Explanation

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

Ostin Technology Group Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12.7705	/	14.083	*	365 / 2
	=	165.49

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

Ostin Technology Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.083	/	12.7705
	=	1.10

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.

Ostin Technology Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.7705	/	14.973
	=	0.85

Ostin Technology Group Co Change In Inventory Related Terms

Thank you for viewing the detailed overview of Ostin Technology Group Co's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Ostin Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ostin Technology Group Co Ltd (NAS:OST) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kechuang Road, Building 2, 101/201, Qixia District, Jiangsu Province, Nanjing, CHN, 210046

Website

http://ostin-technology.com

Ostin Technology Group Co Ltd is a supplier of display modules and polarizers in China. It designs, develops, and manufactures TFT-LCD modules in a wide range of sizes and customized sizes according to the specifications of its customers. Its display modules are mainly used in consumer electronics, commercial LCD displays, and automotive displays. The company also manufactures polarizers used in the TFT-LCD display modules and is in the process of developing polarizers for the OLED display panel. Geographically, the company generates revenue from Hong Kong, Taiwan, and Mainland China which is its key revenue generating market.