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OmniTek Engineering (OmniTek Engineering) Days Sales Outstanding : 3.10 (As of Dec. 2023)


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What is OmniTek Engineering Days Sales Outstanding?

OmniTek Engineering's average Accounts Receivable for the three months ended in Dec. 2023 was $0.01 Mil. OmniTek Engineering's Revenue for the three months ended in Dec. 2023 was $0.32 Mil. Hence, OmniTek Engineering's Days Sales Outstanding for the three months ended in Dec. 2023 was 3.10.

The historical rank and industry rank for OmniTek Engineering's Days Sales Outstanding or its related term are showing as below:

OMTK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.16   Med: 7.35   Max: 11.54
Current: 6.09

During the past 13 years, OmniTek Engineering's highest Days Sales Outstanding was 11.54. The lowest was 3.16. And the median was 7.35.

OMTK's Days Sales Outstanding is ranked better than
96.92% of 1268 companies
in the Vehicles & Parts industry
Industry Median: 60.285 vs OMTK: 6.09

OmniTek Engineering's Days Sales Outstanding increased from Dec. 2022 (3.07) to Dec. 2023 (3.10).


OmniTek Engineering Days Sales Outstanding Historical Data

The historical data trend for OmniTek Engineering's Days Sales Outstanding 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.

* Premium members only.

OmniTek Engineering Days Sales Outstanding Chart

OmniTek Engineering Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.33 6.88 3.16 3.41 3.81

OmniTek Engineering Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.07 5.27 10.14 8.98 3.10

Competitive Comparison of OmniTek Engineering's Days Sales Outstanding

For the Auto Parts subindustry, OmniTek Engineering's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.


OmniTek Engineering's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, OmniTek Engineering's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where OmniTek Engineering's Days Sales Outstanding falls into.



OmniTek Engineering Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

OmniTek Engineering's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

Days Sales Outstanding (A: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (0.01 + 0.012) / 2 ) / 1.055*365
=0.011 / 1.055*365
=3.81

OmniTek Engineering's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding (Q: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2023 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (0.01 + 0.012) / 2 ) / 0.324*365 / 4
=0.011 / 0.324*365 / 4
=3.10

* 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.


OmniTek Engineering  (OTCPK:OMTK) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


OmniTek Engineering Days Sales Outstanding Related Terms

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OmniTek Engineering (OmniTek Engineering) Business Description

Traded in Other Exchanges
N/A
Address
1345 Specialty Dr. No. E, Vista, CA, USA, 92081
OmniTek Engineering Corp is a developer or manufacturer of patented hotwires spark plug wires. It develops and sells proprietary diesel-to-natural gas engine conversion systems and complementary products, including new natural gas engines that utilize the Company's technology. Omnitek products are available for stationary applications in the transportation industry, which includes light commercial vehicles, minibuses, heavy-duty trucks, municipal buses, as well as rail and marine applications.
Executives
Gary S Maier director 815 MORAGA DRIVE, SUITE 306, LOS ANGELES CA 90049
John M Palumbo director
Werner Funk director, 10 percent owner, officer: President, CEO and Secretary 1345 SPECIALTY DR., #E, VISTA CA 92081
Richard L Miller officer: CFO 1333 KEYSTONE WAY, #101, VISTA CA 92081
Janice M Quigley director, officer: Vice President 15-2819 INA STREET, PAHOA HI 96778
Alicia A Rolfe officer: CFO 1333 KEYSTONE WAY, #101, VISTA CA 92081
George G Chachas director
John D Garber 10 percent owner 7506 N BROADWAY EXTN, STE 505, OKLAHOMA CITY OK 73116