Bestbe Holding (LTS:0QFX) Inventory Turnover : 0.86 (As of Jun. 2023)

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What is Bestbe Holding 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. Bestbe Holding's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.25 Mil. Bestbe Holding's Average Total Inventories for the quarter that ended in Jun. 2023 was €0.29 Mil. Bestbe Holding's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bestbe Holding's Days Inventory for the six months ended in Jun. 2023 was 211.35.

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.

Bestbe Holding Inventory Turnover Historical Data

The historical data trend for Bestbe Holding'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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Bestbe Holding Inventory Turnover Chart

Bestbe Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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12.78

17.21

16.57

15.02

Bestbe Holding Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															7.94	7.71	1.19	12.92	0.86

Bestbe Holding Inventory Turnover Calculation

Bestbe Holding's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	4.303	/ (	(0.28	+	0.293)	/	2 )
=	4.303	/	0.2865
=	15.02

Bestbe Holding's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0.253	/ (	(0.293	+	0)	/	1 )
=	0.253	/	0.293
=	0.86

Bestbe Holding (LTS:0QFX) 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.

Bestbe Holding's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.293	/	0.253	*	365 / 2
	=	211.35

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.

Bestbe Holding's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.293	/	0
	=

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.

Bestbe Holding Inventory Turnover Related Terms

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Bestbe Holding (LTS:0QFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bestbe Holding (LTS:0QFX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

BES:Italy

Address

Via Statuto 2/4, Milano, MI, ITA, 20121

Website

http://www.investimentiesviluppo.it

Bestbe Holding formerly Gequity SpA is an Asset management company that carries out the acquisition of investments. It makes majority and minority investments in small and medium-sized public and private companies.

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