ONVC (Online Vacation Center Holdings) Inventory Turnover: 0.42 (As of Jun. 2023)


ONVC Online Vacation Center Holdings Corp ONVC
12 GF Score
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What is Online Vacation Center Holdings Inventory Turnover?

Online Vacation Center Holdings ONVC 12 Inventory Turnover is 0.42 as of Jun. 2023. GuruFocus rates ONVC with a GF Score™ of 12/100.

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. Online Vacation Center Holdings's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.33 Mil. Online Vacation Center Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.78 Mil. Online Vacation Center Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Online Vacation Center Holdings's Days Inventory for the three months ended in Jun. 2023 was 218.47.

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. Online Vacation Center Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.17.

Online Vacation Center Holdings  (OTCPK:ONVC) 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.

Online Vacation Center Holdings's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=0.7805/0.326*365 / 4
=218.47

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.

Online Vacation Center Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.7805 / 4.526
=0.17

* 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.

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.

Online Vacation Center Holdings Inventory Turnover Related Terms

Online Vacation Center Holdings Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Online Vacation Center Holdings'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.

Online Vacation Center Holdings Inventory Turnover Chart

Online Vacation Center Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 1.63 5.82

Online Vacation Center Holdings Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Dec20 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.25 0.00 0.00 1.01 0.42
ONVC
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Online Vacation Center Holdings Corp ONVC
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Online Vacation Center Holdings Inventory Turnover Calculation

Online Vacation Center Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=2.09 / ((0.325 + 0.393) / 2 )
=2.09 / 0.359
=5.82

Online Vacation Center Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Jun. 2023 )) / count )
=0.326 / ((0.458 + 1.103) / 2 )
=0.326 / 0.7805
=0.42

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.42 mean?
Online Vacation Center Holdings (ONVC) has a Inventory Turnover of 0.42 as of Jun. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Online Vacation Center Holdings and its competitors.
Is Online Vacation Center Holdings' Inventory Turnover too high?
Online Vacation Center Holdings' current Inventory Turnover is 0.42. Overall, Online Vacation Center Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Online Vacation Center Holdings' Inventory Turnover compare to NTRP and NNAX?
Online Vacation Center Holdings' Inventory Turnover of 0.42 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Travel & Leisure company?
A good Inventory Turnover depends on the Travel & Leisure industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Online Vacation Center Holdings and its competitors. Online Vacation Center Holdings's current Inventory Turnover is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Online Vacation Center Holdings stock overvalued right now?
Online Vacation Center Holdings (ONVC) has a current Inventory Turnover of 0.42. The current Inventory Turnover is 0.42. Online Vacation Center Holdings' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Online Vacation Center Holdings (ONVC), the current Inventory Turnover is 0.42 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Online Vacation Center Holdings Business Description

Address 2307 West Broward Boulevard, Suite 400, Fort Lauderdale, FL, USA, 33312
Online Vacation Center Holdings Corp is a Florida holding company. It is engaged in the provision of vacation travel and marketing services through its wholly-owned subsidiaries. The company offers vacation services for affluent retiree markets and river, ocean, and land vacation packages, operates a franchise that focuses on travel sales through mobile agents, and offers other services. The company also publishes three travel newsletters, such as Top Travel Deals, Spotlight, and TravelFlash; and operates a website that connects travelers with websites to purchase hotel, resort, and vacation packages.
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