Ossen Innovation Co (Ossen Innovation Co) Inventory-to-Revenue : 0.39 (As of Dec. 2020)

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What is Ossen Innovation Co Inventory-to-Revenue?

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. Ossen Innovation Co's Average Total Inventories for the quarter that ended in Dec. 2020 was $32.7 Mil. Ossen Innovation Co's Revenue for the six months ended in Dec. 2020 was $83.7 Mil. Ossen Innovation Co's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.39.

Ossen Innovation Co's Inventory-to-Revenue for the quarter that ended in Dec. 2020 increased from Jun. 2020 (0.39) to Jun. 2020 (0.39)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ossen Innovation Co's Days Inventory for the six months ended in Dec. 2020 was 84.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ossen Innovation Co's Inventory Turnover for the quarter that ended in Dec. 2020 was 2.15.

Ossen Innovation Co Inventory-to-Revenue Historical Data

The historical data trend for Ossen Innovation Co's Inventory-to-Revenue 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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Ossen Innovation Co Inventory-to-Revenue Chart

Ossen Innovation Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory-to-Revenue

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0.23

0.15

0.11

0.12

0.19

Ossen Innovation Co Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Inventory-to-Revenue	Get a 7-Day Free Trial															0.23	0.21	0.17	0.39	0.39

Competitive Comparison of Ossen Innovation Co's Inventory-to-Revenue

For the Steel subindustry, Ossen Innovation Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Ossen Innovation Co's Inventory-to-Revenue Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ossen Innovation Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Ossen Innovation Co's Inventory-to-Revenue falls into.

Ossen Innovation Co Inventory-to-Revenue Calculation

Ossen Innovation Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory-to-Revenue (A: Dec. 2020 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Revenue (A: Dec. 2020 )
=	( (15.1	+	38.209)	/	2 )	/	138.578
=	26.6545					/	138.578
=	0.19

Ossen Innovation Co's Inventory-to-Revenue for the quarter that ended in Dec. 2020 is calculated as

	Inventory-to-Revenue (Q: Dec. 2020 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )	/	Revenue (Q: Dec. 2020 )
=	( (27.204	+	38.209)	/	2 )	/	83.727
=	32.7065					/	83.727
=	0.39

Ossen Innovation Co (NAS:OSN) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Ossen Innovation Co's Days Inventory for the six months ended in Dec. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2020 )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
	=	32.7065	/	70.267	*	365 / 2
	=	84.95

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

Ossen Innovation Co's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2020 )	/	Average Total Inventories (Q: Dec. 2020 )
	=	70.267	/	32.7065
	=	2.15

Ossen Innovation Co Inventory-to-Revenue Related Terms

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Ossen Innovation Co (Ossen Innovation Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ossen Innovation Co Ltd (NAS:OSN) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

518 Shangcheng Road, Floor 17, Shanghai, CHN, 200120

Website

http://www.osseninnovation.com

Ossen Innovation Co Ltd designs, engineers, manufactures, and sells prestressed steel materials. The company's materials are used in the construction of bridges, highways and other infrastructure projects in the People's Republic of China and internationally. Its product is categorized as coated products and uncoated products. Its coated products include zinc, rare earth and plain surface prestressed concrete.It is used in the construction of new bridges and the renovation of older bridges. Uncoated products consist of wires that are twisted into a bundle and used in precast concrete plates on the riding surface of bridges. It is categorized based on size, strength, and structure.