Odysight ai (Odysight ai) Inventory Turnover : 0.74 (As of Mar. 2024)

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What is Odysight ai 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. Odysight ai's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.41 Mil. Odysight ai's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.55 Mil. Odysight ai's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Odysight ai's Days Inventory for the three months ended in Mar. 2024 was 123.30.

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. Odysight ai's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.96.

Odysight ai Inventory Turnover Historical Data

The historical data trend for Odysight ai'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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Odysight ai Inventory Turnover Chart

Odysight ai Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.07

5.39

4.09

4.45

Odysight ai Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.83	1.10	0.43	1.36	0.74

Odysight ai Inventory Turnover Calculation

Odysight ai's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2.524	/ (	(0.63	+	0.504)	/	2 )
=	2.524	/	0.567
=	4.45

Odysight ai's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.41	/ (	(0.504	+	0.604)	/	2 )
=	0.41	/	0.554
=	0.74

Odysight ai (OTCPK:ODYS) 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.

Odysight ai's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.554	/	0.41	*	365 / 4
	=	123.30

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.

Odysight ai's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.554	/	0.187
	=	2.96

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.

Odysight ai Inventory Turnover Related Terms

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Odysight ai (Odysight ai) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Odysight ai Inc (OTCPK:ODYS) » Definitions » Inventory Turnover

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Address

Industrial Park, Suite 7A and 3B, P.O. Box 3030, Omer, ISR, 8496500

Website

https://www.odysight.ai

Odysight ai Inc is engaged in the development, production, and marketing of innovative Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) technologies, providing visual sensing and AI-based video analytics solutions for critical systems in the aviation, maritime, industrial non-destructing-testing industries, transportation, and energy industries.