Grand Ocean Advanced Resources Co (HKSE:00065) Inventory-to-Revenue : 0.11 (As of Dec. 2023)

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What is Grand Ocean Advanced Resources Co Inventory-to-Revenue?

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. Grand Ocean Advanced Resources Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$11.2 Mil. Grand Ocean Advanced Resources Co's Revenue for the six months ended in Dec. 2023 was HK$106.2 Mil. Grand Ocean Advanced Resources Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Grand Ocean Advanced Resources Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Jun. 2023 (0.19) to Jun. 2023 (0.11)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grand Ocean Advanced Resources Co's Days Inventory for the six months ended in Dec. 2023 was 28.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Grand Ocean Advanced Resources Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.47.

Grand Ocean Advanced Resources Co Inventory-to-Revenue Historical Data

The historical data trend for Grand Ocean Advanced Resources Co's Inventory-to-Revenue 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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Grand Ocean Advanced Resources Co Inventory-to-Revenue Chart

Grand Ocean Advanced Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.03

0.04

0.05

Grand Ocean Advanced Resources Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.06	0.07	0.13	0.19	0.11

Competitive Comparison of Grand Ocean Advanced Resources Co's Inventory-to-Revenue

For the Thermal Coal subindustry, Grand Ocean Advanced Resources Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Grand Ocean Advanced Resources Co's Inventory-to-Revenue Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Grand Ocean Advanced Resources Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Grand Ocean Advanced Resources Co's Inventory-to-Revenue falls into.

Grand Ocean Advanced Resources Co Inventory-to-Revenue Calculation

Grand Ocean Advanced Resources Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (13.597	+	4.535)	/	2 )	/	187.96
=	9.066					/	187.96
=	0.05

Grand Ocean Advanced Resources Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (17.852	+	4.535)	/	2 )	/	106.217
=	11.1935					/	106.217
=	0.11

Grand Ocean Advanced Resources Co (HKSE:00065) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

Grand Ocean Advanced Resources Co'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
	=	11.1935	/	72.422	*	365 / 2
	=	28.21

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Grand Ocean Advanced Resources Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	72.422	/	11.1935
	=	6.47

Grand Ocean Advanced Resources Co Inventory-to-Revenue Related Terms

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Grand Ocean Advanced Resources Co (HKSE:00065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Grand Ocean Advanced Resources Co Ltd (HKSE:00065) » Definitions » Inventory-to-Revenue

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Suite 1602, Sino Plaza, Hong Kong, HKG

Website

https://www.grandocean65.com

Grand Ocean Advanced Resources Co Ltd is an investment holding company that is engaged in the coal mining business. The Group has one reportable operating segment which is the Coal Mining Business. Majority of its revenue is generated from PRC except Hong Kong.

Executives

Cao Min	2201 Interest of corporation controlled by you
Yuan Nian Guo Ji Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Sungold Developments Group Limited	2101 Beneficial owner
Ninetynine Technology Service Limited	2101 Beneficial owner
Liu Chang Deng	2101 Beneficial owner
Xiao Bingnan	2101 Beneficial owner
Blossom International Investment Holdings Limited	2201 Interest of corporation controlled by you
Blossom Investment Consultant Limited	2101 Beneficial owner
Yang Fang	2201 Interest of corporation controlled by you

Grand Ocean Advanced Resources Co (HKSE:00065) Headlines

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