Open Inventory Turnover from 2010 to 2024

OTEX Stock  USD 30.28  0.83  2.82%   
Open Text 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
25.83000344
Current Value
35.32
Quarterly Volatility
25.28663777
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Open Text financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Open Text's main balance sheet or income statement drivers, such as Interest Expense of 593.6 M, Total Revenue of 6.1 B or Gross Profit of 4.4 B, as well as many indicators such as Price To Sales Ratio of 1.34, Dividend Yield of 0.0344 or PTB Ratio of 3.16. Open financial statements analysis is a perfect complement when working with Open Text Valuation or Volatility modules.
  
Check out the analysis of Open Text Correlation against competitors.

Latest Open Text's Inventory Turnover Growth Pattern

Below is the plot of the Inventory Turnover of Open Text Corp 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. Open Text's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Open Text'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  

Open Inventory Turnover Regression Statistics

Arithmetic Mean(1.34)
Coefficient Of Variation(1,882)
Mean Deviation22.77
Median(21.20)
Standard Deviation25.29
Sample Variance639.41
Range61.5604
R-Value0.73
Mean Square Error323.72
R-Squared0.53
Significance0
Slope4.12
Total Sum of Squares8,952

Open Inventory Turnover History

2024 35.32
2023 25.83
2021 28.71
2020 40.36
2019 -13.33
2011 -21.2
2010 3.79

About Open Text Financial Statements

Open Text investors use historical fundamental indicators, such as Open Text'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 Open Text. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory Turnover 25.83  35.32 

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Additional Tools for Open Stock Analysis

When running Open Text's price analysis, check to measure Open Text'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 Open Text is operating at the current time. Most of Open Text's value examination focuses on studying past and present price action to predict the probability of Open Text's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Open Text's price. Additionally, you may evaluate how the addition of Open Text to your portfolios can decrease your overall portfolio volatility.