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Otis Worldwide Corporation  (OTIS)
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Otis Worldwide Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Otis Worldwide Corporation inventory turnover ratio, the Otis Worldwide Corporation's ability to sell and replace its inventory in the first quarter 2024, sequentially increased to 7.8 in the first quarter 2024, OTIS's markets remain strong, its supply chain continue to be in a grate shape.Average processing period, for Otis Worldwide's inventories remained unchanged at 47 days, in the Mar 31 2024 quarter.

Within Consumer Discretionary sector 14 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the First Quarter 2024 compared to previous quarter at no. 41.

OTIS Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Otis Worldwide Corporation Market Share?

What is Inventory Turnover Ratio?


OTIS Inventory Turnover Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Inventory Growth -7.63 % -0.81 % 3.48 % 7.38 % 2.56 %
Y / Y Cost of Sales Growth -2.82 % -3.02 % -1.08 % 2.87 % -7.73 %
Inventory Turnover Ratio (TTM) 7.8 7.69 7.74 7.82 7.9
OTIS's Total Ranking # 41 # 41 # 49 # 396 # 396
Average inventory processing period 47 47 47 47 46
Seq. Inventory Growth -3.1 % -1.92 % -2.5 % -0.31 % 4.05 %
Seq. Cost of Sales Growth -12.68 % 2.26 % -10.02 % 20.95 % -12.86 %



Inventory Turnover Ratio Company Ranking
Within: No.
Electric & Wiring Equipment Industry # 3
Consumer Discretionary Sector # 15
Overall Market # 41

Inventory Turnover Ratio Statistics
High Average Low
8.36 7.26 1.46
(Jun 30 2022)   (Mar 31 2020)




Financial Statements
Otis Worldwide's Inventories $ 593 Millions Visit OTIS's Balance sheet
Otis Worldwide's Cost of Revenues TTM $ 4,812 Millions Visit OTIS's Income Statement
What are OTIS's Sales? Visit OTIS's Sales by Segment

Other Inventory Turnover Ratios
Otis Worldwide's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Electric & Wiring Equipment Industry Inventory Turnover Trends and Statistics
Consumer Discretionary Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
OTIS's Inventory Turnover Ratio versus Electric & Wiring Equipment Industry, Consumer Discretionary Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for OTIS's Competitors
Inventory Turnover Ratio for OTIS's Suppliers
Inventory Turnover Ratio for OTIS's Customers

You may also want to know
OTIS's Sales Growth Rates OTIS's Pe Price to earnings ratio OTIS's Receivables Turnover Ratio OTIS's Stock Quote
OTIS's Net Income Growth Rates OTIS's Ps Price to Sales ratio OTIS's Sales per Employee OTIS's Asset Turnover Ratio
OTIS's Net Margin OTIS's Pb Price to Book ratio OTIS's Financial Strength Ratios OTIS's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Mar 31 2024, within Consumer Discretionary Sector Inventory Turnover Ratio Cost of revenues at quarter ending Mar 31 2024 Inventories at quarter ending Mar 31 2024
Adient Plc  16.96 $ 14,166.000  Millions$ 836  Millions
Cooper standard Holdings Inc   14.84 $ 2,499.000  Millions$ 168  Millions
Lear Corp  12.56 $ 21,937.500  Millions$ 1,746  Millions
Skyx Platforms Corp   12.18 $ 52.999  Millions$ 4  Millions
American Axle and Manufacturing Holdings Inc  11.66 $ 5,529.700  Millions$ 474  Millions
Garrett Motion Inc   10.84 $ 3,092.000  Millions$ 285  Millions
Visteon Corp  10.64 $ 3,424.000  Millions$ 322  Millions
Graybar Electric Company Inc   9.90 $ 8,877.600  Millions$ 897  Millions
Cheetah Net Supply Chain Service inc   9.48 $ 33.228  Millions$ 4  Millions
Luminar Technologies Inc   8.77 $ 143.867  Millions$ 16  Millions
Masterbrand Inc   8.31 $ 2,258.200  Millions$ 272  Millions
Jakks Pacific Inc   8.26 $ 480.953  Millions$ 58  Millions
General Motors Company  8.22 $ 143,079.000  Millions$ 17,412  Millions
Cintas Corporation  7.89 $ 3,808.711  Millions$ 483  Millions
Otis Worldwide Corporation  7.80 $ 4,812.000  Millions$ 617  Millions
Borgwarner Inc   7.65 $ 11,151.000  Millions$ 1,459  Millions
Aptiv Plc  6.94 $ 16,577.000  Millions$ 2,387  Millions
Whirlpool Corp  6.84 $ 16,247.000  Millions$ 2,375  Millions
Sleep Number Corporation  6.84 $ 776.000  Millions$ 114  Millions
Phinia Inc   6.82 $ 3,447.000  Millions$ 506  Millions
Shyft Group Inc   6.52 $ 683.485  Millions$ 105  Millions
Commercial Vehicle Group Inc   6.50 $ 837.500  Millions$ 129  Millions
Atmus Filtration Technologies Inc   5.97 $ 1,498.500  Millions$ 251  Millions
Dana Inc   5.77 $ 9,731.000  Millions$ 1,686  Millions
Steven Madden Ltd   5.72 $ 1,207.992  Millions$ 211  Millions
Acuity Brands Inc   5.61 $ 2,119.700  Millions$ 378  Millions
Novo Integrated Sciences Inc   5.61 $ 5.978  Millions$ 1  Millions
Tempur Sealy International Inc   5.56 $ 2,763.800  Millions$ 497  Millions
Modine Manufacturing Co  5.56 $ 1,882.000  Millions$ 339  Millions
Tesla Inc   5.40 $ 77,900.000  Millions$ 14,434  Millions

Date modified: 2024-04-26T13:41:57+00:00



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