Otis Worldwide (WBO:OTIS) Days Inventory : 22.78 (As of Mar. 2024)

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What is Otis Worldwide Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Otis Worldwide's Average Total Inventories for the three months ended in Mar. 2024 was €553 Mil. Otis Worldwide's Cost of Goods Sold for the three months ended in Mar. 2024 was €2,216 Mil. Hence, Otis Worldwide's Days Inventory for the three months ended in Mar. 2024 was 22.78.

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

WBO:OTIS' s Days Inventory Range Over the Past 10 Years
Min: 22.39 Med: 23.45 Max: 25.3
Current: 22.54

During the past 7 years, Otis Worldwide's highest Days Inventory was 25.30. The lowest was 22.39. And the median was 23.45.

WBO:OTIS's Days Inventory is ranked better than
96.36% of 2909 companies
in the Industrial Products industry
Industry Median: 120.85 vs WBO:OTIS: 22.54

Otis Worldwide's Days Inventory declined from Mar. 2023 (24.57) to Mar. 2024 (22.78).

Inventory Turnover measures how fast the company turns over its inventory within a year. Otis Worldwide's Inventory Turnover for the three months ended in Mar. 2024 was 4.00.

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. Otis Worldwide's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.18.

Otis Worldwide Days Inventory Historical Data

The historical data trend for Otis Worldwide'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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Otis Worldwide Days Inventory Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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23.43

26.11

22.29

22.43

22.72

Otis Worldwide Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															24.57	22.31	23.11	22.34	22.78

Competitive Comparison of Otis Worldwide's Days Inventory

For the Specialty Industrial Machinery subindustry, Otis Worldwide'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.

Otis Worldwide's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Otis Worldwide's Days Inventory falls into.

Otis Worldwide Days Inventory Calculation

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

Otis Worldwide'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
=	( (582.448	+	561.204)	/	2 )	/	9184.672	*	365
=	571.826					/	9184.672	*	365
=	22.72

Otis Worldwide's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (561.204	+	545.56)	/	2 )	/	2216.28	*	365 / 4
=	553.382					/	2216.28	*	365 / 4
=	22.78

Otis Worldwide (WBO:OTIS) 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.

Otis Worldwide's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2216.28	/	553.382
	=	4.00

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.

Otis Worldwide's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	553.382	/	3162.04
	=	0.18

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.

Otis Worldwide Days Inventory Related Terms

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

Otis Worldwide (WBO:OTIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (WBO:OTIS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

OTIS:USA OTIS:Mexico 4PG:Germany O1TI34:Brazil

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.