BNN Technology (LSE:BNN) Inventory Turnover : 883.00 (As of Jun. 2017)

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What is BNN Technology Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. BNN Technology's Cost of Goods Sold for the six months ended in Jun. 2017 was £3.53 Mil. BNN Technology's Average Total Inventories for the quarter that ended in Jun. 2017 was £0.00 Mil. BNN Technology's Inventory Turnover for the quarter that ended in Jun. 2017 was 883.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BNN Technology's Days Inventory for the six months ended in Jun. 2017 was 0.21.

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. BNN Technology's Inventory-to-Revenue for the quarter that ended in Jun. 2017 was 0.00.

BNN Technology Inventory Turnover Historical Data

The historical data trend for BNN Technology's Inventory Turnover 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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BNN Technology Inventory Turnover Chart

BNN Technology Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Inventory Turnover

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0.01

0.15

153.83

50.26

94.83

BNN Technology Semi-Annual Data
	Dec11	Dec12	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17
Inventory Turnover	Get a 7-Day Free Trial					27.72	2.20	12.41	71.68	883.00

BNN Technology Inventory Turnover Calculation

BNN Technology's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Inventory Turnover (A: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2016 )	/ (	(Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )
=	1.138	/ (	(0.019	+	0.005)	/	2 )
=	1.138	/	0.012
=	94.83

BNN Technology's Inventory Turnover for the quarter that ended in Jun. 2017 is calculated as

	Inventory Turnover (Q: Jun. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2017 )	/ (	(Total Inventories (Q: Dec. 2016 )	+	Total Inventories (Q: Jun. 2017 ))	/	count )
=	3.532	/ (	(0.005	+	0.003)	/	2 )
=	3.532	/	0.004
=	883.00

BNN Technology (LSE:BNN) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

BNN Technology's Days Inventory for the six months ended in Jun. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2017 )	/	Cost of Goods Sold (Q: Jun. 2017 )	*	Days in Period
	=	0.004	/	3.532	*	365 / 2
	=	0.21

2. 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.

BNN Technology's Inventory to Revenue for the quarter that ended in Jun. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2017 )	/	Revenue (Q: Jun. 2017 )
	=	0.004	/	4.627
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

BNN Technology Inventory Turnover Related Terms

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BNN Technology (LSE:BNN) Business Description

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Address

Website

http://www.bnntechnology.com

BNN Technology PLC is a digital content and payment services company from China. The company provides software technology to its client for online payments and on mobile apps. It also engages in the development of digital content for both online and mobile. The organizational business is spread across over 10 provinces in China. BNN also has a joint venture with the Heilongjiang Provincial Sports Bureau (HSB) providing support services to all of HSB's commercial activities. The firm's digital business generates the majority of its revenues.

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