Due to inventory build up in the third quarter 2024, Ocean Power Technologies Inc 's inventory turnover ratio sequentially decreased to
1.7 in the third quarter 2024, unsurprisingly, as the Ocean Power Technologies Inc markets continue to deteriorate, and OPTT's faces growing challenges to bring down its inventories. Ocean Power Technologies Inc 's average inventory processing period in the Jan 31 2024 quarter, has increased to 215 days, from 150 days, in the Apr 30 2023 quarter.
Within
Utilities sector 66 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2024, to
1087, from total ranking in the forth quarter 2023 at
1435.
OPTT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Ocean Power Technologies Inc Market Share?
What is Inventory Turnover Ratio?
| OPTT Inventory Turnover Ratio |
(Jan 31 2024)
III. Quarter |
(Apr 30 2023)
IV. Quarter |
(Jan 31 2023)
III. Quarter |
(Oct 31 2022)
II. Quarter |
(Jul 31 2022)
I. Quarter |
| Y / Y Inventory Growth |
488.44 % |
136.2 % |
644.04 % |
- |
- |
| Y / Y Cost of Sales Growth |
88.27 % |
106.3 % |
0.17 % |
-12 % |
22.93 % |
| Inventory Turnover Ratio (TTM) |
1.7 |
2.44 |
2.2 |
3.41 |
6.4 |
| OPTT's Total
Ranking |
# 1087 |
# 1435 |
# 1467 |
# |
# |
| Average inventory processing period |
215 |
150 |
166 |
107 |
57 |
| Seq. Inventory Growth |
231.42 % |
-27.3 % |
39.69 % |
74.83 % |
33.03 % |
| Seq. Cost of Sales Growth |
-12.12 % |
86.29 % |
126.52 % |
-49.23 % |
-3.7 % |
