BIO-key International (FRA:BJO0) Inventory Turnover : 0.11 (As of Sep. 2023)

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What is BIO-key International 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. BIO-key International's Cost of Goods Sold for the three months ended in Sep. 2023 was €0.45 Mil. BIO-key International's Average Total Inventories for the quarter that ended in Sep. 2023 was €4.03 Mil. BIO-key International's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BIO-key International's Days Inventory for the three months ended in Sep. 2023 was 825.04.

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. BIO-key International's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 2.37.

BIO-key International Inventory Turnover Historical Data

The historical data trend for BIO-key International'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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BIO-key International Inventory Turnover Chart

BIO-key International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.36

3.51

1.98

0.64

0.54

BIO-key International Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.08	0.20	0.18	0.14	0.11

BIO-key International Inventory Turnover Calculation

BIO-key International'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 )
=	2.303	/ (	(4.373	+	4.186)	/	2 )
=	2.303	/	4.2795
=	0.54

BIO-key International'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 )
=	0.446	/ (	(4.046	+	4.019)	/	2 )
=	0.446	/	4.0325
=	0.11

BIO-key International (FRA:BJO0) 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.

BIO-key International'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
	=	4.0325	/	0.446	*	365 / 4
	=	825.04

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.

BIO-key International'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 )
	=	4.0325	/	1.703
	=	2.37

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.

BIO-key International Inventory Turnover Related Terms

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BIO-key International (FRA:BJO0) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BIO-key International Inc (FRA:BJO0) » Definitions » Inventory Turnover

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BKYI:USA

Address

3349 Highway 138, Building A, Suite E, Wall, NJ, USA, 07719

Website

https://www.bio-key.com

BIO-key International Inc is a fingerprint biometric technology company. It develops and markets advanced fingerprint biometric identification and identity verification technologies, as well as related identity management and credentialing hardware and software solutions. Its product portfolio comprises SideSwipe, SidePass, EcoID, WEB-key, and others. The company generates its revenue in the form of Services, License fees, and others.

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