Olympic Inventory Turnover from 2010 to 2024

ZEUS Stock  USD 38.45  1.48  3.71%   
Olympic Steel Inventory Turnover yearly trend continues to be comparatively stable with very little volatility. Inventory Turnover will likely drop to 3.16 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
4.42678153
Current Value
3.16
Quarterly Volatility
0.60098274
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Olympic Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Olympic Steel's main balance sheet or income statement drivers, such as Depreciation And Amortization of 28.5 M, Interest Expense of 16.8 M or Total Revenue of 1.2 B, as well as many indicators such as Price To Sales Ratio of 0.23, Dividend Yield of 0.0069 or PTB Ratio of 0.95. Olympic financial statements analysis is a perfect complement when working with Olympic Steel Valuation or Volatility modules.
  
Check out the analysis of Olympic Steel Correlation against competitors.
For more information on how to buy Olympic Stock please use our How to Invest in Olympic Steel guide.

Latest Olympic Steel's Inventory Turnover Growth Pattern

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

Olympic Inventory Turnover Regression Statistics

Arithmetic Mean3.86
Geometric Mean3.81
Coefficient Of Variation15.58
Mean Deviation0.46
Median3.73
Standard Deviation0.60
Sample Variance0.36
Range2.1814
R-Value0.42
Mean Square Error0.32
R-Squared0.17
Significance0.12
Slope0.06
Total Sum of Squares5.06

Olympic Inventory Turnover History

2024 3.16
2023 4.43
2022 4.97
2020 4.08
2019 4.68
2018 3.72
2017 3.83

About Olympic Steel Financial Statements

Olympic Steel shareholders use historical fundamental indicators, such as Inventory Turnover, to determine how well the company is positioned to perform in the future. Although Olympic Steel investors may analyze each financial statement separately, they are all interrelated. The changes in Olympic Steel's assets and liabilities, for example, are also reflected in the revenues and expenses on on Olympic Steel's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Inventory Turnover 4.43  3.16 

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Additional Tools for Olympic Stock Analysis

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