Example on how to convert binary to octal?

Break the Binary number into 3 bit sections from the LSB to the MSB(Right hand site). Then convert the 3 bit binary number to its octal equivalent(Multiply each 3 bit to 2^0 to 2^2). E.g. If the binary value is 1010111110110010 then 001 would be 1, 010 would be 2, 111 would be 7, 110 would be 6, 010 would be 2, etc.