Omega Inventory Turnover from 2010 to 2024

OFLX Stock  USD 48.74  0.63  1.28%   
Omega Flex Inventory Turnover yearly trend continues to be fairly stable with very little volatility. Inventory Turnover is likely to outpace its year average in 2024. Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. View All Fundamentals
 
Inventory Turnover  
First Reported
2010-12-31
Previous Quarter
2.98358659
Current Value
4.5
Quarterly Volatility
0.83776088
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Omega Flex financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Omega Flex's main balance sheet or income statement drivers, such as Interest Expense of 103.2 K, Total Revenue of 85.2 M or Gross Profit of 51.2 M, as well as many indicators such as Price To Sales Ratio of 3.84, Dividend Yield of 0.034 or PTB Ratio of 8.52. Omega financial statements analysis is a perfect complement when working with Omega Flex Valuation or Volatility modules.
  
Check out the analysis of Omega Flex Correlation against competitors.
For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.

Latest Omega Flex's Inventory Turnover Growth Pattern

Below is the plot of the Inventory Turnover of Omega Flex over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Omega Flex's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Omega Flex's overall financial position and show how it may be relating to other accounts over time.
Inventory Turnover10 Years Trend
Slightly volatile
   Inventory Turnover   
       Timeline  

Omega Inventory Turnover Regression Statistics

Arithmetic Mean4.18
Geometric Mean4.09
Coefficient Of Variation20.04
Mean Deviation0.68
Median4.36
Standard Deviation0.84
Sample Variance0.70
Range2.637
R-Value(0.52)
Mean Square Error0.55
R-Squared0.27
Significance0.05
Slope(0.1)
Total Sum of Squares9.83

Omega Inventory Turnover History

2024 4.5
2023 2.98
2022 2.66
2021 3.11
2020 3.41
2019 3.69
2018 5.29

About Omega Flex Financial Statements

Omega Flex investors use historical fundamental indicators, such as Omega Flex's Inventory Turnover, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Omega Flex. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory Turnover 2.98  4.50 

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Omega Stock Analysis

When running Omega Flex's price analysis, check to measure Omega Flex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Omega Flex is operating at the current time. Most of Omega Flex's value examination focuses on studying past and present price action to predict the probability of Omega Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omega Flex's price. Additionally, you may evaluate how the addition of Omega Flex to your portfolios can decrease your overall portfolio volatility.