Organic Agricultural Co (Organic Agricultural Co) Total Inventories : $0.15 Mil (As of Dec. 2023)

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What is Organic Agricultural Co Total Inventories?

Organic Agricultural Co's total inventories for the quarter that ended in Dec. 2023 was $0.15 Mil. Organic Agricultural Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.24 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Organic Agricultural Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.00.

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 Turnover measures how fast the company turns over its inventory within a year. Organic Agricultural Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.88.

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 Total Inventories Historical Data

The historical data trend for Organic Agricultural Co'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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Organic Agricultural Co Total Inventories Chart

Organic Agricultural Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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0.52

0.06

0.12

0.21

0.15

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
Total Inventories	Get a 7-Day Free Trial															0.16	0.15	0.13	0.34	0.15

Organic Agricultural Co 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.

Organic Agricultural Co (OTCPK:OGAA) 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.

Organic Agricultural Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.06	+	0.75 * 0.313	+	0.5 * 0.146	-	0.201
-	0	-	0)	/	93.727
=	0.00

2. 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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	0.213	/	0.2415
	=	0.88

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.

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

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.

Organic Agricultural Co Total Inventories 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 » Total Inventories

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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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