Benefit Systems (WAR:BFT) Inventory Turnover : 64.30 (As of Mar. 2024)

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What is Benefit Systems 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. Benefit Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was zł563 Mil. Benefit Systems's Average Total Inventories for the quarter that ended in Mar. 2024 was zł9 Mil. Benefit Systems's Inventory Turnover for the quarter that ended in Mar. 2024 was 64.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Benefit Systems's Days Inventory for the three months ended in Mar. 2024 was 1.42.

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. Benefit Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Benefit Systems Inventory Turnover Historical Data

The historical data trend for Benefit Systems'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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Benefit Systems Inventory Turnover Chart

Benefit Systems Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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127.85

197.10

168.10

181.76

256.62

Benefit Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															61.64	68.29	57.29	50.45	64.30

Benefit Systems Inventory Turnover Calculation

Benefit Systems'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 )
=	1392.035	/ (	(4.377	+	6.472)	/	2 )
=	1392.035	/	5.4245
=	256.62

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	562.807	/ (	(8.842	+	8.665)	/	2 )
=	562.807	/	8.7535
=	64.30

Benefit Systems (WAR:BFT) 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.

Benefit Systems'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
	=	8.7535	/	562.807	*	365 / 4
	=	1.42

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.

Benefit Systems's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	8.7535	/	801.108
	=	0.01

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.

Benefit Systems Inventory Turnover Related Terms

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Benefit Systems (WAR:BFT) Business Description

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3ZV:Germany

Address

European Square 2, Warsaw, POL, 00-844

Website

https://www.benefitsystems.pl

Benefit Systems SA is Poland based company which is engaged in providing work benefits in the area of sport, recreations, culture and entertainment. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities as well as Mybenefit, Benefitlunch, Multibilet, Multikafeteria and others.