Ostin Technology Group Co (Ostin Technology Group Co) Days Inventory : 127.73 (As of Sep. 2023)

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What is Ostin Technology Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ostin Technology Group Co's Average Total Inventories for the six months ended in Sep. 2023 was $15.31 Mil. Ostin Technology Group Co's Cost of Goods Sold for the six months ended in Sep. 2023 was $21.87 Mil. Hence, Ostin Technology Group Co's Days Inventory for the six months ended in Sep. 2023 was 127.73.

The historical rank and industry rank for Ostin Technology Group Co's Days Inventory or its related term are showing as below:

OST' s Days Inventory Range Over the Past 10 Years
Min: 42.1 Med: 67.1 Max: 100.99
Current: 100.99

During the past 5 years, Ostin Technology Group Co's highest Days Inventory was 100.99. The lowest was 42.10. And the median was 67.10.

OST's Days Inventory is ranked better than
50.81% of 2409 companies
in the Hardware industry
Industry Median: 102.28 vs OST: 100.99

Ostin Technology Group Co's Days Inventory increased from Sep. 2022 (78.49) to Sep. 2023 (127.73). It might indicate that Ostin Technology Group Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ostin Technology Group Co's Inventory Turnover for the six months ended in Sep. 2023 was 1.43.

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 six months ended in Sep. 2023 was 0.66.

Ostin Technology Group Co Days Inventory Historical Data

The historical data trend for Ostin Technology Group Co'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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Ostin Technology Group Co Days Inventory Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

100.15

42.10

44.46

67.10

98.21

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial				43.23	68.83	78.49	85.88	127.73

Competitive Comparison of Ostin Technology Group Co's Days Inventory

For the Electronic Components subindustry, Ostin Technology Group Co'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.

Ostin Technology Group Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ostin Technology Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ostin Technology Group Co's Days Inventory falls into.

Ostin Technology Group Co Days Inventory Calculation

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 fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (15.433	+	14.419)	/	2 )	/	55.472	*	365
=	14.926					/	55.472	*	365
=	98.21

Ostin Technology Group Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (16.192	+	14.419)	/	2 )	/	21.869	*	365 / 2
=	15.3055					/	21.869	*	365 / 2
=	127.73

Ostin Technology Group Co (NAS:OST) 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.

Ostin Technology Group Co's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.869	/	15.3055
	=	1.43

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.

Ostin Technology Group Co's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.3055	/	23.231
	=	0.66

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.

Ostin Technology Group Co Days Inventory Related Terms

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Ostin Technology Group Co (Ostin Technology Group Co) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

http://www.austinelec.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.