Byrna Technologies (Byrna Technologies) Inventory Turnover : 0.54 (As of Feb. 2024)

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What is Byrna 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. Byrna Technologies's Cost of Goods Sold for the three months ended in Feb. 2024 was $7.02 Mil. Byrna Technologies's Average Total Inventories for the quarter that ended in Feb. 2024 was $13.01 Mil. Byrna Technologies's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Byrna Technologies's Days Inventory for the three months ended in Feb. 2024 was 169.22.

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. Byrna Technologies's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.78.

Byrna Technologies Inventory Turnover Historical Data

The historical data trend for Byrna 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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Byrna Technologies Inventory Turnover Chart

Byrna Technologies Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Inventory Turnover

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1.42

3.14

3.37

1.97

1.29

Byrna Technologies Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.19	0.30	0.23	0.43	0.54

Byrna Technologies Inventory Turnover Calculation

Byrna Technologies's Inventory Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Inventory Turnover (A: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2023 )	/ (	(Total Inventories (A: Nov. 2022 )	+	Total Inventories (A: Nov. 2023 ))	/	count )
=	18.997	/ (	(15.462	+	13.89)	/	2 )
=	18.997	/	14.676
=	1.29

Byrna Technologies's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	7.015	/ (	(13.89	+	12.128)	/	2 )
=	7.015	/	13.009
=	0.54

Byrna Technologies (NAS:BYRN) 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.

Byrna Technologies's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	13.009	/	7.015	*	365 / 4
	=	169.22

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.

Byrna Technologies's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	13.009	/	16.654
	=	0.78

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.

Byrna Technologies Inventory Turnover Related Terms

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Byrna Technologies (Byrna Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Byrna Technologies Inc (NAS:BYRN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

100 Burtt Road, Suite 115, Andover, MA, USA, 01810

Website

https://www.byrna.com

Byrna Technologies Inc is a designer, manufacturer, retailer and distributor of technological solutions for security situations that do not require the use of lethal force. The company generates its revenue from the United States, South Africa, Europe, South America, Asia and Canada.

Executives

David North	officer: Chief Financial Officer	100 BURTT RD., SUITE 115, ANDOVER MA 01810
Bryan Ganz	director, officer: CEO Pres Chairman of the Board	C/O ARRHYTHMIA RESEARCH TECHNOLOGY, INC., 25 SAWYER PASSWAY, FITCHBURG MA 01420
Luan Pham	officer: CRMO	C/O LAIRD SUPERFOOD, INC., 275 W. LUNDGREN MILL DRIVE, SISTERS OR 97759
Michael Wager	officer: Chief Strategy Officer	100 BURTT ROAD, SUITE 115, BOSTON MA 01810
Lisa Wager	officer: Chief Legal Officer	100 BURTT RD., SUITE 115, ANDOVER MA 01810
Leonard J Elmore	director	ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Emily Rooney	director	100 BURTT ROAD, SUITE 115, ANDOVER MA 01810
Michael Scott Gillespie	officer: Chief Operating Officer	100 BURTT ROAD, SUITE 115, ANDOVER MA 01810
Chris Lavern Reed	director	100 BURTT RD., SUITE 115, ANDOVER MA 01810
Lapeyre Pierre F Jr	10 percent owner	C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE 36TH FLOOR, NEW YORK NY 10019
Paul C. Jensen	director	TWO NORTHSHORE CENTER, PITTSBURGH PA 15212
Clive D Bode	director	909 HIDDEN RIDGE STE 600, IRVING TX 75038
Herbert Hughes	director	100 BURTT ROAD, SUITE 115, ANDOVER MA 01810
Rodd Friedman	10 percent owner	12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854
Ref Securities & Co.	10 percent owner	12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854