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Beyond Oil (XCNQ:BOIL) Inventory-to-Revenue : 2.73 (As of Mar. 2024)


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What is Beyond Oil Inventory-to-Revenue?

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. Beyond Oil's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.49 Mil. Beyond Oil's Revenue for the three months ended in Mar. 2024 was C$0.18 Mil. Beyond Oil's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.73.

Beyond Oil's Inventory-to-Revenue for the quarter that ended in Mar. 2024 declined from Dec. 2023 (13.45) to Dec. 2023 (2.73)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beyond Oil's Days Inventory for the three months ended in Mar. 2024 was 358.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Beyond Oil's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.25.


Beyond Oil Inventory-to-Revenue Historical Data

The historical data trend for Beyond Oil's Inventory-to-Revenue 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.

Beyond Oil Inventory-to-Revenue Chart

Beyond Oil Annual Data
Trend Dec21 Dec22 Dec23
Inventory-to-Revenue
- - 1.35

Beyond Oil Quarterly Data
Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 12.64 - 13.45 2.73

Competitive Comparison of Beyond Oil's Inventory-to-Revenue

For the Packaged Foods subindustry, Beyond Oil's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Beyond Oil's Inventory-to-Revenue Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beyond Oil's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Beyond Oil's Inventory-to-Revenue falls into.



Beyond Oil Inventory-to-Revenue Calculation

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.

Beyond Oil's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (0 + 0.515) / 1 ) / 0.382
=0.515 / 0.382
=1.35

Beyond Oil's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (0.515 + 0.468) / 2 ) / 0.18
=0.4915 / 0.18
=2.73

* 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.


Beyond Oil  (XCNQ:BOIL) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Beyond Oil's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=0.4915/0.125*365 / 4
=358.80

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Beyond Oil's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=0.125 / 0.4915
=0.25

* 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.


Beyond Oil Inventory-to-Revenue Related Terms

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Beyond Oil Business Description

Traded in Other Exchanges
Address
1208 Rosewood Crescent, North Vancouver, Vancouver, BC, CAN, V7P1H4
Beyond Oil Ltd is a food-tech company that has developed a solution to reduce free fatty acid from oil while preserving the oil's quality and nutritional value. The company develops products that extend the usable life of frying oil improve food quality and reduce frying oil costs. It offers FryDay which is an active filter powder that eliminates harmful Free Fatty Acids (FFA) generated in the oil.
Executives
Robert Jalun Kiesman Director, Senior Officer
Jonathan Or Director, Senior Officer

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