Oceanus Group (SGX:579) Inventory Turnover : 5.23 (As of Dec. 2023)

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What is Oceanus Group 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. Oceanus Group's Cost of Goods Sold for the six months ended in Dec. 2023 was S$206.4 Mil. Oceanus Group's Average Total Inventories for the quarter that ended in Dec. 2023 was S$39.5 Mil. Oceanus Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oceanus Group's Days Inventory for the six months ended in Dec. 2023 was 34.92.

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. Oceanus Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

Oceanus Group Inventory Turnover Historical Data

The historical data trend for Oceanus Group'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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Oceanus Group Inventory Turnover Chart

Oceanus Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.49

10.84

5.00

5.84

11.44

Oceanus Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.05	2.17	3.75	2.33	5.23

Oceanus Group Inventory Turnover Calculation

Oceanus Group'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 )
=	318.798	/ (	(36.563	+	19.151)	/	2 )
=	318.798	/	27.857
=	11.44

Oceanus Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	206.364	/ (	(59.818	+	19.151)	/	2 )
=	206.364	/	39.4845
=	5.23

Oceanus Group (SGX:579) 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.

Oceanus Group's Days Inventory for the six 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
	=	39.4845	/	206.364	*	365 / 2
	=	34.92

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.

Oceanus Group'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 )
	=	39.4845	/	222.477
	=	0.18

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.

Oceanus Group Inventory Turnover Related Terms

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Oceanus Group (SGX:579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Oceanus Group Ltd (SGX:579) » Definitions » Inventory Turnover

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Address

25 Ubi Road 4, Number 03-05, UBIX, Singapore, SGP, 408621

Website

https://www.oceanus.com.sg

Oceanus Group Ltd is an investment holding company. The company is engaged in the operation of hatcheries and fish farms, processing, curing, and preserving fish and other seafood. Its operating segment trading segment is those sales of processed marine products, alcoholic beverages, cosmetics, and coffee. The consultancy segment provides consultancy services related to fish farming and acquiring technologies for aquaculture and fishery business. Its geographical segments include China and Singapore, Hong Kong, Macau, and Cambodia out of which Hong Kong contributes the majority of the revenue.

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