Orient Overseas (International) (HKSE:00316) Inventory Turnover : 18.80 (As of Dec. 2023)

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What is Orient Overseas (International) Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Orient Overseas (International)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$27,730 Mil. Orient Overseas (International)'s Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,475 Mil. Orient Overseas (International)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 18.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orient Overseas (International)'s Days Inventory for the six months ended in Dec. 2023 was 9.71.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Orient Overseas (International)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Orient Overseas (International) Inventory Turnover Historical Data

The historical data trend for Orient Overseas (International)'s Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Orient Overseas (International) Inventory Turnover Chart

Orient Overseas (International) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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52.00

63.17

70.02

56.45

38.22

Orient Overseas (International) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															35.86	26.11	21.85	20.29	18.80

Orient Overseas (International) Inventory Turnover Calculation

Orient Overseas (International)'s Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	56140.927	/ (	(1397.954	+	1539.983)	/	2 )
=	56140.927	/	1468.9685
=	38.22

Orient Overseas (International)'s Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	27729.82	/ (	(1410.198	+	1539.983)	/	2 )
=	27729.82	/	1475.0905
=	18.80

Orient Overseas (International) (HKSE:00316) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Orient Overseas (International)'s Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1475.0905	/	27729.82	*	365 / 2
	=	9.71

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Orient Overseas (International)'s Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1475.0905	/	29702.044
	=	0.05

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Orient Overseas (International) Inventory Turnover Related Terms

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Orient Overseas (International) (HKSE:00316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Orient Overseas (International) Ltd (HKSE:00316) » Definitions » Inventory Turnover

Traded in Other Exchanges

OROVY:USA OROVF:USA ORI1:Germany

Address

25 Harbour Road, 31st Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.ooilgroup.com

Orient Overseas (International) Ltd is engaged in container transport and logistics. Container transport and logistics include containerized shipping services in majorly trade lanes, covering Trans-Pacific, Trans-Atlantic, Asia/Europe, Asia/Australia, and Intra-Asia trades, and integrated services over the management and control of effective storage and flow of goods. Revenue comprises gross freight income, charter hire, service, and other income from the operation of the container transport and logistics and rental income from the investment property.

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