Omega Flex (Omega Flex) Days Inventory : 129.82 (As of Dec. 2023)

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What is Omega Flex Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Omega Flex's Average Total Inventories for the three months ended in Dec. 2023 was $15.9 Mil. Omega Flex's Cost of Goods Sold for the three months ended in Dec. 2023 was $11.2 Mil. Hence, Omega Flex's Days Inventory for the three months ended in Dec. 2023 was 129.82.

The historical rank and industry rank for Omega Flex's Days Inventory or its related term are showing as below:

OFLX' s Days Inventory Range Over the Past 10 Years
Min: 69.09 Med: 82.07 Max: 143.42
Current: 143.42

During the past 13 years, Omega Flex's highest Days Inventory was 143.42. The lowest was 69.09. And the median was 82.07.

OFLX's Days Inventory is ranked worse than
60.23% of 2902 companies
in the Industrial Products industry
Industry Median: 119.93 vs OFLX: 143.42

Omega Flex's Days Inventory declined from Dec. 2022 (148.34) to Dec. 2023 (129.82).

Inventory Turnover measures how fast the company turns over its inventory within a year. Omega Flex's Inventory Turnover for the three months ended in Dec. 2023 was 0.70.

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. Omega Flex's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.56.

Omega Flex Days Inventory Historical Data

The historical data trend for Omega Flex'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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Omega Flex Days Inventory Chart

Omega Flex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

85.08

105.04

101.92

128.92

141.26

Omega Flex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															148.34	142.80	159.88	145.00	129.82

Competitive Comparison of Omega Flex's Days Inventory

For the Specialty Industrial Machinery subindustry, Omega Flex'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.

Omega Flex's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Omega Flex's Days Inventory distribution charts can be found below:

* The bar in red indicates where Omega Flex's Days Inventory falls into.

Omega Flex Days Inventory Calculation

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

Omega Flex'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
=	( (17.764	+	15.597)	/	2 )	/	43.1	*	365
=	16.6805					/	43.1	*	365
=	141.26

Omega Flex's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (16.15	+	15.597)	/	2 )	/	11.157	*	365 / 4
=	15.8735					/	11.157	*	365 / 4
=	129.82

Omega Flex (NAS:OFLX) 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.

Omega Flex's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.157	/	15.8735
	=	0.70

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.

Omega Flex's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.8735	/	28.147
	=	0.56

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.

Omega Flex Days Inventory Related Terms

Thank you for viewing the detailed overview of Omega Flex's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Omega Flex (Omega Flex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omega Flex Inc (NAS:OFLX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

451 Creamery Way, Exton, PA, USA, 19341-2509

Website

https://www.omegaflexcorp.com

Omega Flex Inc is a manufacturer of flexible metal hoses. It operates in the segment of manufacture and sale of flexible metal hose and accessories which are used for gas piping within residential and commercial buildings. Omega sells its products under the TracPipe, CounterStrike, DoubleTrac, AutoFlare, DEF-Trac, SolarTrac, and AutoSnap brands. It serves various markets which include construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. Geographically Omega Flex, Inc operates in the United States.

Executives

Susan B. Asch	officer: General Counsel & Secretary	451 CREAMERY WAY, EXTON PA 19341
Matthew Francis Unger	officer: Vice President - CFO	C/O OMEGA FLEX, INC., 451 CREAMERY WAY, EXTON PA 19341
Dean W. Rivest	officer: President	451 CREAMERY WAY, EXTON PA 19341
Edwin B. Moran	officer: Executive Vice President	451 CREAMERY WAY, EXTON PA 19341
Timothy P. Scanlan	officer: Secretary	213 COURT STREET, MIDDLETOWN CT 06457
Mark F Albino	director, officer: COO & Exec VP	451 CREAMERY WAY, EXTON PA 19341
Stewart B Reed	director	260 NORTH ELM STREET, WESTFIELD MA 01085
Kevin R Hoben	director, 10 percent owner, officer: President	451 CREAMERY WAY, EXTON PA 19341
Derek Glanvill	director	10088 CARTERS MANOR DRIVE, LADUE MO 63124
Omega Flex, Inc.	officer: Sr. Vice President	451 CREAMERY WAY, EXTON PA 19341
James M Dubin	director	ONE MADISON PLACE, HARRISON NY 10528
Paul James Kane	officer: VP - Finance	1085 NICOLE DRIVE, NEWTOWN SQUARE PA 19073
Steven A Treichel	director	451 CREAMERY WAY, EXTON PA 19341
Reed Estate Of John E	10 percent owner	260 NORTH ELM STREET, WESTFIELD MA 01085
David K Evans	director	517 PYLON DRIVE, RALEIGH NC 27606