Buddy Technologies (Buddy Technologies) Inventory Turnover : 0.63 (As of Dec. 2021)

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What is Buddy Technologies 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. Buddy Technologies's Cost of Goods Sold for the six months ended in Dec. 2021 was $5.51 Mil. Buddy Technologies's Average Total Inventories for the quarter that ended in Dec. 2021 was $8.71 Mil. Buddy Technologies's Inventory Turnover for the quarter that ended in Dec. 2021 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Buddy Technologies's Days Inventory for the six months ended in Dec. 2021 was 288.32.

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. Buddy Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.89.

Buddy Technologies Inventory Turnover Historical Data

The historical data trend for Buddy Technologies'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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Buddy Technologies Inventory Turnover Chart

Buddy Technologies Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Inventory Turnover

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5.42

3.77

1.05

2.57

2.66

Buddy Technologies Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Inventory Turnover	Get a 7-Day Free Trial															1.43	1.16	3.86	1.34	0.63

Buddy Technologies Inventory Turnover Calculation

Buddy Technologies's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	16.316	/ (	(3.127	+	9.135)	/	2 )
=	16.316	/	6.131
=	2.66

Buddy Technologies's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	5.51	/ (	(9.135	+	8.275)	/	2 )
=	5.51	/	8.705
=	0.63

Buddy Technologies (OTCPK:POTTF) 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.

Buddy Technologies's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	8.705	/	5.51	*	365 / 2
	=	288.32

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.

Buddy Technologies's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	8.705	/	9.831
	=	0.89

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.

Buddy Technologies Inventory Turnover Related Terms

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Buddy Technologies (Buddy Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Buddy Technologies Ltd (OTCPK:POTTF) » Definitions » Inventory Turnover

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Address

12 Pirie Street, Level 3, Adelaide, SA, AUS, 5000

Website

https://www.buddy.com

Buddy Technologies Ltd is an IoT(Internet of Things) and a cloud-based technology company. The company's operating segment includes Commercial Business, Consumer Business, and Corporate. It generates maximum revenue from the Consumer Business segment that includes all the activities related to LIFX, which is the brand providing smart lighting solutions. Commercial Business includes Buddy Ohm, Buddy Cloud, and other Buddy Managed Services. Its geographical segments include Australia, North America, and EMEA(Europe, the Middle East & Africa).

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