Goods in transit is goods that was ordered but not yet delivered to Johotin's warehouse. At end Dec 2014, milk powder's price was at the lowest in 2014 so they ordered a lot.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Icon8888
18,658 posts
Posted by Icon8888 > 2015-06-02 22:54 | Report Abuse
I have a different interpretation of goods in transit
Instead of goods on the way to customers, I think it should be goods on the way from suppliers
Most likely is milk powder from let's say, New Zealand