Better Collective AS (OSTO:BETCO) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Better Collective AS 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. Better Collective AS's Cost of Goods Sold for the three months ended in Dec. 2023 was kr406 Mil. Better Collective AS's Average Total Inventories for the quarter that ended in Dec. 2023 was kr0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Better Collective AS's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Better Collective AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Better Collective AS Inventory Turnover Historical Data

The historical data trend for Better Collective AS'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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Better Collective AS Inventory Turnover Chart

Better Collective AS Annual Data

Trend

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Dec23

Inventory Turnover

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Better Collective AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Better Collective AS Inventory Turnover Calculation

Better Collective AS's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1981.853	/ (	(0	+	0)	/	1 )
=	1981.853	/	0
=	N/A

Better Collective AS's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	405.964	/ (	(0	+	0)	/	1 )
=	405.964	/	0
=	N/A

Better Collective AS (OSTO:BETCO) 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.

Better Collective AS's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	405.964	*	365 / 4
	=	0.00

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.

Better Collective AS's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	952.995
	=	0.00

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.

Better Collective AS Inventory Turnover Related Terms

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Better Collective AS (OSTO:BETCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Better Collective AS (OSTO:BETCO) » Definitions » Inventory Turnover

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Traded in Other Exchanges

BETCO DKK:Denmark 9C8:Germany

Address

Toldbodgade 12, Copenhagen, DNK, 1253

Website

https://www.bettercollective.com

Better Collective AS is a developer of educational platforms within the iGaming industry. The company's segment includes Publishing and Paid Media. It generates maximum revenue from the Publishing segment. The Publishing business segment includes revenue from Better Collective's proprietary online platforms and media partnerships where the online traffic is coming either directly or through organic search results.

Better Collective AS (OSTO:BETCO) Headlines

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