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ORIS (Oriental Rise Holdings) Inventory Turnover : 2.08 (As of Jun. 2024)


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What is Oriental Rise Holdings 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. Oriental Rise Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was $5.03 Mil. Oriental Rise Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was $2.42 Mil. Oriental Rise Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oriental Rise Holdings's Days Inventory for the six months ended in Jun. 2024 was 87.66.

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. Oriental Rise Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.31.

Oriental Rise Holdings Inventory Turnover Historical Data

The historical data trend for Oriental Rise 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.

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Oriental Rise Holdings Inventory Turnover Chart

Oriental Rise Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
4.15 5.51 5.77 5.72

Oriental Rise Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Inventory Turnover Get a 7-Day Free Trial 2.37 2.61 2.89 2.64 2.08

Oriental Rise Holdings Inventory Turnover Calculation

Oriental Rise Holdings'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 )
=11.338 / ((1.948 + 2.014) / 2 )
=11.338 / 1.981
=5.72

Oriental Rise Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover (Q: Jun. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count )
=5.03 / ((2.014 + 2.818) / 2 )
=5.03 / 2.416
=2.08

* 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.

Oriental Rise Holdings  (NAS:ORIS) 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.

Oriental Rise Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=2.416/5.03*365 / 2
=87.66

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.

Oriental Rise Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=2.416 / 7.695
=0.31

* 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.

Oriental Rise Holdings Inventory Turnover Related Terms

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Oriental Rise Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oriental Rise Holdings Ltd (NAS:ORIS) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
No. 48 Xianyu Road, Shuangcheng Town, Zherong County, Fujian Province, Ningde, CHN
Website
Oriental Rise Holdings Ltd is a company who is an integrated supplier of tea products in Mainland China. Their major tea products include primarily-processed tea consisting of white tea and black tea, and refined white tea and black tea. Its business operations are vertically integrated, covering cultivation, processing of tea leaves and the sale of tea products to tea business operators (such as wholesale distributors) and end-user retail customers in Mainland China.