Organic Agricultural Co (Organic Agricultural Co) Inventory Turnover : 0.88 (As of Dec. 2023)

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What is Organic Agricultural Co 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. Organic Agricultural Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.21 Mil. Organic Agricultural Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.24 Mil. Organic Agricultural Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Organic Agricultural Co's Days Inventory for the three months ended in Dec. 2023 was 103.46.

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. Organic Agricultural Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.81.

Organic Agricultural Co Inventory Turnover Historical Data

The historical data trend for Organic Agricultural Co'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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Organic Agricultural Co Inventory Turnover Chart

Organic Agricultural Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.36

0.65

0.98

1.34

1.03

Organic Agricultural Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.55	0.25	0.88	2.35	0.88

Organic Agricultural Co Inventory Turnover Calculation

Organic Agricultural Co's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0.184	/ (	(0.206	+	0.15)	/	2 )
=	0.184	/	0.178
=	1.03

Organic Agricultural Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.213	/ (	(0.337	+	0.146)	/	2 )
=	0.213	/	0.2415
=	0.88

Organic Agricultural Co (OTCPK:OGAA) 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.

Organic Agricultural Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.2415	/	0.213	*	365 / 4
	=	103.46

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.

Organic Agricultural Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.2415	/	0.297
	=	0.81

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.

Organic Agricultural Co Inventory Turnover Related Terms

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Organic Agricultural Co (Organic Agricultural Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Organic Agricultural Co Ltd (OTCPK:OGAA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

High and New Technology Industrial Development District, Room G504 G506 G509 G510, Building No. 3, Kejichuangxincheng Chuangxinchuangye Plaza, Heilongjiang Province, Harbin, CHN, 150090

Website

http://www.oacl.top

Organic Agricultural Co Ltd is engaged in manufacturing of agricultural products, rice, and other related products. The Company sells paddy and selenium-enriched paddy products, rice and other agricultural products. Geographically, the firm generates a majority of its revenue from the People's Republic of China.

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