Ocean One Holding (HKSE:08476) Inventory Turnover : 1.48 (As of Sep. 2024)

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What is Ocean One Holding 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 One Holding's Cost of Goods Sold for the three months ended in Sep. 2024 was HK$78.74 Mil. Ocean One Holding's Average Total Inventories for the quarter that ended in Sep. 2024 was HK$53.26 Mil. Ocean One Holding's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ocean One Holding's Days Inventory for the three months ended in Sep. 2024 was 61.72.

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 One Holding's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.55.

Ocean One Holding Inventory Turnover Historical Data

The historical data trend for Ocean One Holding'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 One Holding Inventory Turnover Chart

Ocean One Holding Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.22

9.29

9.32

7.95

7.41

Ocean One Holding 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															1.75	2.04	2.40	-	1.48

Ocean One Holding Inventory Turnover Calculation

Ocean One Holding'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 )
=	392.164	/ (	(51.321	+	54.467)	/	2 )
=	392.164	/	52.894
=	7.41

Ocean One Holding'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 )
=	78.742	/ (	(54.467	+	52.054)	/	2 )
=	78.742	/	53.2605
=	1.48

Ocean One Holding (HKSE:08476) 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 One Holding'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
	=	53.2605	/	78.742	*	365 / 4
	=	61.72

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 One Holding'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 )
	=	53.2605	/	96.331
	=	0.55

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 One Holding Inventory Turnover Related Terms

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Ocean One Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ocean One Holding Ltd (HKSE:08476) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

36-44 Pak Tin Par Street, Unit B, 5th Floor, Goodwill Industrial Building, Tsuen Wan, Hong Kong, HKG

Website

https://www.oceanoneholding.com

Ocean One Holding Ltd is a frozen seafood importer and wholesaler in Hong Kong. The company offers frozen seafood products sourced from suppliers located overseas to Frozen Seafood Resellers and Frozen Seafood Catering Service Providers. The company offers a diverse and wide range of frozen seafood products which include prawns, scallops, oysters, surf clams, fishes, crabs, roe, octopuses, cuttlefishes, and others. Geographically, the company derives the majority of its revenue from Hong Kong.

Executives

Karlson Holding Limited	2101 Beneficial owner
Chan Kin Fung	2201 Interest of corporation controlled by you
Tse Chun Ha Amy	2202 Interest of your spouse

Ocean One Holding Headlines

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