GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitcoin Well Inc (OTCPK:BCNWF) » Definitions » Inventory Turnover

Bitcoin Well (Bitcoin Well) Inventory Turnover

: 30.98 (As of Sep. 2023)
View and export this data going back to 2022. Start your Free Trial

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. Bitcoin Well's Cost of Goods Sold for the three months ended in Sep. 2023 was $9.09 Mil. Bitcoin Well's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.29 Mil. Bitcoin Well's Inventory Turnover for the quarter that ended in Sep. 2023 was 30.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bitcoin Well's Days Inventory for the three months ended in Sep. 2023 was 2.95.

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. Bitcoin Well's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.03.

Bitcoin Well Inventory Turnover Historical Data

The historical data trend for Bitcoin Well'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.

* Premium members only.

Bitcoin Well Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Inventory Turnover
148.26 17.83 35.63 112.27

Bitcoin Well Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Inventory Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.32 36.69 18.76 29.25 30.98

Bitcoin Well Inventory Turnover Calculation

Bitcoin Well'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 )
=45.864 / ((0.294 + 0.523) / 2 )
=45.864 / 0.4085
=112.27

Bitcoin Well's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=9.092 / ((0.356 + 0.231) / 2 )
=9.092 / 0.2935
=30.98

* 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.

Bitcoin Well  (OTCPK:BCNWF) 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.

Bitcoin Well's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=0.2935/9.092*365 / 4
=2.95

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.

Bitcoin Well's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0.2935 / 9.912
=0.03

* 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.

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.

Bitcoin Well Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Bitcoin Well's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Bitcoin Well (Bitcoin Well) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitcoin Well Inc (OTCPK:BCNWF) » Definitions » Inventory Turnover
Comparable Companies
TSXV:BLOK.H XCNQ:ARM TSXV:FRNT TSXV:CSTR XCNQ:SPIR XCNQ:HODL XCNQ:BTC TSXV:MATE XCNQ:GBC XCNQ:SIX MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688
Traded in Other Exchanges
BTCW:Canada
Address
10142 82 Avenue NW, Suite 1900, Edmonton, AB, CAN, T6E 1Z4
Website
https://www.bitcoinwell.com
Bitcoin Well Inc offers ways to buy and sell bitcoin and other cryptocurrencies through a Bitcoin ATM network and suite of web-based transaction services.