Online Vacation Center Holdings (Online Vacation Center Holdings) Total Inventories : $0.92 Mil (As of Sep. 2023)

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What is Online Vacation Center Holdings Total Inventories?

Online Vacation Center Holdings's total inventories for the quarter that ended in Sep. 2023 was $0.92 Mil. Online Vacation Center Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $1.01 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Online Vacation Center Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Online Vacation Center Holdings's Days Inventory for the three months ended in Sep. 2023 was 298.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Online Vacation Center Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.31.

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. Online Vacation Center Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.23.

Online Vacation Center Holdings Total Inventories Historical Data

The historical data trend for Online Vacation Center Holdings'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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Online Vacation Center Holdings Total Inventories Chart

Online Vacation Center Holdings Annual Data

Trend

Dec13

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Dec22

Total Inventories

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0.33

0.39

Online Vacation Center Holdings Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															-	0.39	0.46	1.10	0.92

Online Vacation Center Holdings 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.

Online Vacation Center Holdings (OTCPK:ONVC) 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.

Online Vacation Center Holdings'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)
=	(5.835	+	0.75 * 1.303	+	0.5 * 0.917	-	12.321
-	0	-	0)	/	7.59473
=	-0.66

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

Online Vacation Center Holdings's Days Inventory for the three 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
	=	1.01	/	0.309	*	365 / 4
	=	298.26

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

Online Vacation Center Holdings'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 )
	=	0.309	/	1.01
	=	0.31

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.

Online Vacation Center Holdings'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 )
	=	1.01	/	4.428
	=	0.23

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.

Online Vacation Center Holdings Total Inventories Related Terms

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Online Vacation Center Holdings (Online Vacation Center Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Online Vacation Center Holdings Corp (OTCPK:ONVC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

2307 West Broward Boulevard, Suite 400, Fort Lauderdale, FL, USA, 33312

Website

https://www.onlinevacationcenter.com

Online Vacation Center Holdings Corp is a Florida holding company. It is engaged in the provision of vacation travel and marketing services through its wholly-owned subsidiaries. The company offers vacation services for affluent retiree markets; and river, ocean, and land vacation packages, as well as operates a franchise that focused on travel sales through mobile agents. The company also publishes three travel newsletters, such as Top Travel Deals, Spotlight, and TravelFlash; and operates a website that connects travellers with websites to purchase hotel, resort, and vacation packages.

Executives

Edward Rudner	director, 10 percent owner, officer: CEO & CFO	1801 NW 66TH AVENUE, SUITE 102, PLANTATION FL 33313
Reginald Flosse	10 percent owner	LOTISSEMENT MIRI, APT.A2, TAHIRI PUNAAUIA I4 TAHITI
David Nankin	director	1801 NW 66 AVENUE, SUITE 102, PLANTATION FL 33313
Daniel Joseph Rudner	director	1801 NW 66 AVENUE, SUITE 102, PLANTATION FL 33313
Kurt Homfelt	other: President, Dunhill Vacations	1801 NW 66 AVENUE, SUITE 102, PLANTATION FL 33313
Richard Anthony Mckinnon	director	4404 DRUID LANE, DALLAS TX 75205
Brian P Froelich	director	1801 NW 66TH AVENUE, SUITE 102, PLANTATION FL 33313
Simon Todd	officer: Vice President	1801 NW 66 AVENUE, PLANTATION FL 33313
Frank D Bracken	director	1801 N.W. 66 AVENUE, SUITE 102, PLANTATION FL 33313
Mary Louise Ruderman	officer: Vice President	1801 NW 66 AVENUE, SUITE 102, PLANTATION FL 33313
Brenda Josowitz	officer: Vice President	1801 NW 66 AVENUE, SUITE 102, PLANTATION FL 33313
William A Cataldo	10 percent owner	SUITE 912 EXECUTIVE CENTER,, 1088 BISHOP STREET, HONOLULU HI 96813
Alan Rubin	director, 10 percent owner, officer: CEO and CFO (see remarks)	334 FAIRMONT ROAD, WESTON FL 33326

Online Vacation Center Holdings (Online Vacation Center Holdings) Headlines

From GuruFocus

Online Vacation Center Holdings Stock Appears To Be Fairly Valued

By GF Value GF Value • 04-03-2021