BG Agro AD Varna (XBUL:BGAG) Inventory Turnover : 0.00 (As of Sep. 2023)

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What is BG Agro AD Varna 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. BG Agro AD Varna's Cost of Goods Sold for the three months ended in Sep. 2023 was лв0.0 Mil. BG Agro AD Varna's Average Total Inventories for the quarter that ended in Sep. 2023 was лв32.0 Mil. BG Agro AD Varna's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

BG Agro AD Varna Inventory Turnover Historical Data

The historical data trend for BG Agro AD Varna'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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BG Agro AD Varna Inventory Turnover Chart

BG Agro AD Varna Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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0.28

0.22

0.40

0.08

0.02

BG Agro AD Varna Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.19	-1.02	-	1.02	-

BG Agro AD Varna Inventory Turnover Calculation

BG Agro AD Varna'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 )
=	0.81599999999999	/ (	(37.866	+	61.922)	/	2 )
=	0.81599999999999	/	49.894
=	0.02

BG Agro AD Varna'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0	/ (	(33.976	+	29.933)	/	2 )
=	0	/	31.9545
=	0.00

BG Agro AD Varna (XBUL:BGAG) 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.

BG Agro AD Varna'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
	=	31.9545	/	0	*	365 / 4
	=

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.

BG Agro AD Varna'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 )
	=	31.9545	/	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.

BG Agro AD Varna Inventory Turnover Related Terms

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BG Agro AD Varna (XBUL:BGAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » BG Agro AD Varna (XBUL:BGAG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12, Gen Kolev Street, Varna, BGR, 9000

Website

http://www.bgagro.bg

BG Agro AD Varna is a Bulgarian company engaged in wholesale agriculture, distribution of fertilizers and plant protection products, trade, storage, forwarding and transport of agricultural products.

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