Ocean Star Technology Group (HKSE:08297) Inventory Turnover : 0.15 (As of Sep. 2024)

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What is Ocean Star Technology Group 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. Ocean Star Technology Group's Cost of Goods Sold for the three months ended in Sep. 2024 was HK$2.43 Mil. Ocean Star Technology Group's Average Total Inventories for the quarter that ended in Sep. 2024 was HK$15.84 Mil. Ocean Star Technology Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ocean Star Technology Group's Days Inventory for the three months ended in Sep. 2024 was 593.91.

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. Ocean Star Technology Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.64.

Ocean Star Technology Group Inventory Turnover Historical Data

The historical data trend for Ocean Star Technology Group'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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Ocean Star Technology Group Inventory Turnover Chart

Ocean Star Technology Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.75

0.45

0.51

0.62

0.59

Ocean Star Technology Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.16	0.11	0.18	-	0.15

Ocean Star Technology Group Inventory Turnover Calculation

Ocean Star Technology Group's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	11.042	/ (	(21.139	+	16.447)	/	2 )
=	11.042	/	18.793
=	0.59

Ocean Star Technology Group's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	2.434	/ (	(16.447	+	15.237)	/	2 )
=	2.434	/	15.842
=	0.15

Ocean Star Technology Group (HKSE:08297) 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.

Ocean Star Technology Group's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	15.842	/	2.434	*	365 / 4
	=	593.91

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.

Ocean Star Technology Group's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	15.842	/	6
	=	2.64

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.

Ocean Star Technology Group Inventory Turnover Related Terms

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Ocean Star Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ocean Star Technology Group Ltd (HKSE:08297) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6–8 Hung To Road, 1st Floor, Lok Kui Industrial Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.bodibra.com

Ocean Star Technology Group Ltd manufactures, develops, and designs women's lingerie. The company offers bras, bikinis, panties, and other related apparel. It has two segments namely Lingerie products and Others. The company earns maximum revenue from Hong Kong and has a presence in Macau and The PRC.

Executives

Global Succeed Group Limited	2101 Beneficial owner
Chan Lin So Alan	2201 Interest of corporation controlled by you
Yiu Koon Pong	2201 Interest of corporation controlled by you
Li Zhi	2201 Interest of corporation controlled by you

Ocean Star Technology Group Headlines

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