Ostin Technology Group Co (Ostin Technology Group Co) Total Inventories : $14.42 Mil (As of Sep. 2023)

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What is Ostin Technology Group Co Total Inventories?

Ostin Technology Group Co's total inventories for the quarter that ended in Sep. 2023 was $14.42 Mil. Ostin Technology Group Co's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was $15.31 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ostin Technology Group Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-2.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ostin Technology Group Co's Days Inventory for the six months ended in Sep. 2023 was 127.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ostin Technology Group Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.43.

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. Ostin Technology Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.66.

Ostin Technology Group Co Total Inventories Historical Data

The historical data trend for Ostin Technology Group Co's Total Inventories 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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Ostin Technology Group Co Total Inventories Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Total Inventories

11.69

17.95

18.69

15.43

14.42

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial				18.69	20.13	15.43	16.19	14.42

Ostin Technology Group Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Ostin Technology Group Co (NAS:OST) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Ostin Technology Group Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.855	+	0.75 * 6.485	+	0.5 * 14.419	-	42.461
-	0	-	0.13)	/	14.0063
=	-2.12

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

Ostin Technology Group Co's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	15.3055	/	21.869	*	365 / 2
	=	127.73

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

Ostin Technology Group Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	21.869	/	15.3055
	=	1.43

4. 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.

Ostin Technology Group Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	15.3055	/	23.231
	=	0.66

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Ostin Technology Group Co Total Inventories Related Terms

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Ostin Technology Group Co (Ostin Technology Group Co) Business Description

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Address

1 Kechuang Road, Building 2, 101/201, Qixia District, Nanjing, CHN, 210046

Website

http://www.austinelec.com

Ostin Technology Group Co Ltd is a supplier of display modules and polarizers in China. It designs, develops, and manufactures TFT-LCD modules in a wide range of sizes and customized sizes according to the specifications of its customers. Its display modules are mainly used in consumer electronics, commercial LCD displays, and automotive displays. The company also manufactures polarizers used in the TFT-LCD display modules and is in the process of developing polarizers for the OLED display panel.