Ocean Harvest Technology Group (LSE:OHT) Total Inventories : £1.42 Mil (As of Jun. 2024)

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What is Ocean Harvest Technology Group Total Inventories?

Ocean Harvest Technology Group's total inventories for the quarter that ended in Jun. 2024 was £1.42 Mil. Ocean Harvest Technology Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was £1.34 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ocean Harvest Technology Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was £0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ocean Harvest Technology Group's Days Inventory for the six months ended in Jun. 2024 was 432.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ocean Harvest Technology Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.42.

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 Harvest Technology Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.66.

Ocean Harvest Technology Group Total Inventories Historical Data

The historical data trend for Ocean Harvest Technology 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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Ocean Harvest Technology Group Total Inventories Chart

Ocean Harvest Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Inventories

0.62

0.55

1.25

Ocean Harvest Technology Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial			-	0.55	0.87	1.25	1.42

Ocean Harvest Technology 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.

Ocean Harvest Technology Group (LSE:OHT) 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.

Ocean Harvest Technology Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.908	+	0.75 * 0.867	+	0.5 * 1.42	-	0.727
-	0	-	0)	/	125.856
=	0.01

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

Ocean Harvest Technology Group'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
	=	1.335	/	0.563	*	365 / 2
	=	432.75

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	0.563	/	1.335
	=	0.42

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.

Ocean Harvest Technology Group'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 )
	=	1.335	/	0.805
	=	1.66

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.

Ocean Harvest Technology Group Total Inventories Related Terms

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Ocean Harvest Technology Group Business Description

Industry

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Address

41 London Road, Castle Court, Reigate, GBR, RH2 9RJ

Website

https://www.oceanharvesttechnology.com

Ocean Harvest Technology Group PLC is a commercial-scale producer of seaweed blend ingredients for the animal feed market. It produces seaweed blend ingredients for animal feed under the brand name OceanFeed feed ingredients for multiple species of animals.

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