Buddy Technologies (ASX:BUDOA) Inventory Turnover: 0.66 (As of Dec. 2021)

What is Buddy Technologies Inventory Turnover?

Buddy Technologies ASX:BUDOA Inventory Turnover is 0.66 as of Dec. 2021. The stock has 7 warning signs investors should review.

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. Buddy Technologies's Cost of Goods Sold for the six months ended in Dec. 2021 was A$7.70 Mil. Buddy Technologies's Average Total Inventories for the quarter that ended in Dec. 2021 was A$11.76 Mil. Buddy Technologies's Inventory Turnover for the quarter that ended in Dec. 2021 was 0.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Buddy Technologies's Days Inventory for the six months ended in Dec. 2021 was 278.60.

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. Buddy Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.86.

Buddy Technologies (ASX:BUDOA) 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.

Buddy Technologies's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	11.759	/	7.703	*	365 / 2
	=	278.60

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.

Buddy Technologies's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	11.759	/	13.744
	=	0.86

* 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.

Buddy Technologies Inventory Turnover Related Terms

Buddy Technologies Inventory Turnover Historical Data

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The historical data trend for Buddy Technologies's Inventory Turnover can be seen below:

Buddy Technologies Inventory Turnover Chart

Buddy Technologies Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Inventory Turnover

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5.43

3.77

1.06

2.58

2.59

Buddy Technologies Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Inventory Turnover	Get a 7-Day Free Trial															1.44	1.16	3.64	1.34	0.66

Buddy Technologies Inventory Turnover Calculation

Buddy Technologies's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	21.341	/ (	(4.531	+	11.949)	/	2 )
=	21.341	/	8.24
=	2.59

Buddy Technologies's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	7.703	/ (	(11.949	+	11.569)	/	2 )
=	7.703	/	11.759
=	0.66

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.66 mean?

Buddy Technologies (ASX:BUDOA) has a Inventory Turnover of 0.66 as of Dec. 2021. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Buddy Technologies and its competitors.

Is Buddy Technologies' Inventory Turnover too high?

Buddy Technologies' current Inventory Turnover is 0.66.

How does Buddy Technologies' Inventory Turnover compare to CYRNQ and SEII?

Buddy Technologies' Inventory Turnover of 0.66 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Software company?

A good Inventory Turnover depends on the Software industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Buddy Technologies and its competitors. Buddy Technologies's current Inventory Turnover is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Buddy Technologies stock overvalued right now?

Buddy Technologies (ASX:BUDOA) has a current Inventory Turnover of 0.66. The current Inventory Turnover is 0.66. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Buddy Technologies (ASX:BUDOA), the current Inventory Turnover is 0.66 as of Dec. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Buddy Technologies Business Description

Industry Technology Software

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Address 12 Pirie Street, Level 3, Adelaide, SA, AUS, 5000

Website https://www.buddy.com

Buddy Technologies Ltd is an IoT(Internet of Things) and a cloud-based technology company. The company's operating segment includes Commercial Business, Consumer Business, and Corporate. It generates maximum revenue from the Consumer Business segment that includes all the activities related to LIFX, which is the brand providing smart lighting solutions. Commercial Business includes Buddy Ohm, Buddy Cloud, and other Buddy Managed Services. Its geographical segments include Australia, North America, and EMEA(Europe, the Middle East & Africa).