Ocean Power Technologies (STU:RUOB) Inventory Turnover : 0.32 (As of Jan. 2024)

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What is Ocean Power Technologies Inventory Turnover?

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. Ocean Power Technologies's Cost of Goods Sold for the three months ended in Jan. 2024 was €0.90 Mil. Ocean Power Technologies's Average Total Inventories for the quarter that ended in Jan. 2024 was €2.79 Mil. Ocean Power Technologies's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ocean Power Technologies's Days Inventory for the three months ended in Jan. 2024 was 283.54.

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. Ocean Power Technologies's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.70.

Ocean Power Technologies Inventory Turnover Historical Data

The historical data trend for Ocean Power Technologies'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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Ocean Power Technologies Inventory Turnover Chart

Ocean Power Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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4.21

3.35

Ocean Power Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.47	0.89	0.44	0.19	0.32

Ocean Power Technologies Inventory Turnover Calculation

Ocean Power Technologies's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	2.277	/ (	(0.409	+	0.952)	/	2 )
=	2.277	/	0.6805
=	3.35

Ocean Power Technologies's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	0.899	/ (	(2.411	+	3.176)	/	2 )
=	0.899	/	2.7935
=	0.32

Ocean Power Technologies (STU:RUOB) 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.

Ocean Power Technologies's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	2.7935	/	0.899	*	365 / 4
	=	283.54

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.

Ocean Power Technologies's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	2.7935	/	1.645
	=	1.70

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.

Ocean Power Technologies Inventory Turnover Related Terms

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Ocean Power Technologies (STU:RUOB) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean Power Technologies Inc (STU:RUOB) » Definitions » Inventory Turnover

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OPTT:USA

Address

28 Engelhard Drive, Suite B, Monroe Township, NJ, USA, 08831

Website

https://www.oceanpowertechnologies.com

Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.

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