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Ocean Line Port Development (HKSE:08502) Total Inventories : HK$2.9 Mil (As of Dec. 2023)


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What is Ocean Line Port Development Total Inventories?

Ocean Line Port Development's total inventories for the quarter that ended in Dec. 2023 was HK$2.9 Mil. Ocean Line Port Development's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was HK$1.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ocean Line Port Development's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ocean Line Port Development's Days Inventory for the three months ended in Dec. 2023 was 10.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ocean Line Port Development's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.86.

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 Line Port Development's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.


Ocean Line Port Development Total Inventories Historical Data

The historical data trend for Ocean Line Port Development'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.

* Premium members only.

Ocean Line Port Development Total Inventories Chart

Ocean Line Port Development Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only 1.53 2.12 2.06 2.30 2.89

Ocean Line Port Development 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.30 - 2.81 - 2.89

Ocean Line Port Development 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 Line Port Development  (HKSE:08502) 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 Line Port Development'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)
=(334.898+0.75 * 4.992+0.5 * 2.885-203.516
-0-174.541)/800
=-0.05

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

Ocean Line Port Development'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
=1.4425/12.782*365 / 4
=10.30

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

Ocean Line Port Development'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 )
=12.782 / 1.4425
=8.86

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 Line Port Development'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 )
=1.4425 / 38.555
=0.04

* 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.


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 Line Port Development Total Inventories Related Terms

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Ocean Line Port Development (HKSE:08502) Business Description

Traded in Other Exchanges
N/A
Address
No.8 Yanjiang Avenue, Chizhou Economic Development Zone, Chizhou, Anhui, CHN
Ocean Line Port Development Ltd is engaged in the provision of port logistic services. Its business includes cargo handling and related supporting port services, including warehousing, short-haul land transportation, and other miscellaneous services. The company provides loading and unloading services for domestic and foreign trade, covering a wide range of cargo types, including bulk cargoes. Geographically, the group provides port services in China, and all its revenues are generated in China.
Executives
Vital Force Developments Limited 2101 Beneficial owner
Cheung Wai Fung 2101 Beneficial owner
Kwai Sze Hoi 2101 Beneficial owner

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