OLNCF (Omni-Lite Industries Canada) Days Inventory : 127.30 (As of Sep. 2024)

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What is Omni-Lite Industries Canada Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Omni-Lite Industries Canada's Average Total Inventories for the three months ended in Sep. 2024 was $4.56 Mil. Omni-Lite Industries Canada's Cost of Goods Sold for the three months ended in Sep. 2024 was $3.27 Mil. Hence, Omni-Lite Industries Canada's Days Inventory for the three months ended in Sep. 2024 was 127.30.

The historical rank and industry rank for Omni-Lite Industries Canada's Days Inventory or its related term are showing as below:

OLNCF' s Days Inventory Range Over the Past 10 Years
Min: 118.21 Med: 213.77 Max: 340.64
Current: 131.47

During the past 13 years, Omni-Lite Industries Canada's highest Days Inventory was 340.64. The lowest was 118.21. And the median was 213.77.

OLNCF's Days Inventory is ranked worse than
54.01% of 2905 companies
in the Industrial Products industry
Industry Median: 122.72 vs OLNCF: 131.47

Omni-Lite Industries Canada's Days Inventory declined from Sep. 2023 (151.88) to Sep. 2024 (127.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. Omni-Lite Industries Canada's Inventory Turnover for the three months ended in Sep. 2024 was 0.72.

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. Omni-Lite Industries Canada's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.21.

Omni-Lite Industries Canada Days Inventory Historical Data

The historical data trend for Omni-Lite Industries Canada'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.

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Omni-Lite Industries Canada Days Inventory Chart

Omni-Lite Industries Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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163.11

195.23

229.29

122.02

140.31

Omni-Lite Industries Canada Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															151.88	133.50	144.24	127.54	127.30

Competitive Comparison of Omni-Lite Industries Canada's Days Inventory

For the Metal Fabrication subindustry, Omni-Lite Industries Canada'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.

Omni-Lite Industries Canada's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Omni-Lite Industries Canada's Days Inventory distribution charts can be found below:

* The bar in red indicates where Omni-Lite Industries Canada's Days Inventory falls into.

Omni-Lite Industries Canada Days Inventory Calculation

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

Omni-Lite Industries Canada's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3.422	+	4.7)	/	2 )	/	10.564	*	365
=	4.061					/	10.564	*	365
=	140.31

Omni-Lite Industries Canada's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (4.62	+	4.498)	/	2 )	/	3.268	*	365 / 4
=	4.559					/	3.268	*	365 / 4
=	127.30

Omni-Lite Industries Canada (OTCPK:OLNCF) 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.

Omni-Lite Industries Canada's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.268	/	4.559
	=	0.72

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.

Omni-Lite Industries Canada's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.559	/	3.778
	=	1.21

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.

Omni-Lite Industries Canada Days Inventory Related Terms

Thank you for viewing the detailed overview of Omni-Lite Industries Canada's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Omni-Lite Industries Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omni-Lite Industries Canada Inc (OTCPK:OLNCF) » Definitions » Days Inventory

Comparable Companies

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OML:Canada

Address

17210 Edwards Road, Cerritos, CA, USA, 90703

Website

https://www.omni-lite.com

Omni-Lite Industries Canada Inc is a developer and manufacturer of precision components, with the use of advanced composite materials and cold forging techniques, for mission-critical applications. The company's products have applications in various sectors including aerospace, military, specialty automotive, and sports and recreational industries. Its geographical areas of operations are in the United States and Canada of which key revenue is generated from the United States.