Oceana Group (JSE:OCE) Total Inventories : R2,792 Mil (As of Sep. 2023)

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What is Oceana Group Total Inventories?

Oceana Group's total inventories for the quarter that ended in Sep. 2023 was R2,792 Mil. Oceana Group's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was R2,608 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Oceana Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was R-26.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oceana Group's Days Inventory for the six months ended in Sep. 2023 was 123.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oceana Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.48.

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. Oceana Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.47.

Oceana Group Total Inventories Historical Data

The historical data trend for Oceana Group's Total Inventories 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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Oceana Group Total Inventories Chart

Oceana Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Inventories

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1,876.90

1,689.74

1,021.96

2,271.00

2,792.00

Oceana Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															1,021.96	1,341.78	2,271.00	2,423.01	2,792.00

Oceana Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Oceana Group (JSE:OCE) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Oceana Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(453	+	0.75 * 855	+	0.5 * 2792	-	5514
-	0	-	187)	/	120.326
=	-26.68

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

Oceana Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	2607.507	/	3854.286	*	365 / 2
	=	123.47

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

Oceana Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	3854.286	/	2607.507
	=	1.48

4. 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.

Oceana Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2607.507	/	5489.501
	=	0.47

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Oceana Group Total Inventories Related Terms

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Oceana Group (JSE:OCE) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oceana Group Ltd (JSE:OCE) » Definitions » Total Inventories

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Traded in Other Exchanges

OCGPF:USA OCG:Namibia O1F:Germany

Address

25 Jan Smuts Street, 9th Floor, Oceana House, Foreshore, Cape Town, WC, ZAF, 8001

Website

https://www.oceana.co.za

Oceana Group Ltd is an African fishing company focused on catching, procuring, processing, marketing, and distributing canned fish, fishmeal, fish oil, lobster, horse mackerel, squid, and hake. Oceana Group also provides refrigerated warehouse facilities and logistical support services. The company's principal market is the lower-end consumer who prefers canned fish and horse mackerel. The majority of Oceana Group's revenue is derived from South Africa and Nambia. The company operates through four segments: Canned Fish and Fishmeal (Africa), which contributes the majority portion of revenue; Fishmeal and Fish Oil (USA); Horse Mackerel, Hake, Lobster, and Squid; and Commercial Cold Storage Logistics.

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