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Bee Vectoring Technologies International (XCNQ:BEE) Inventory Turnover : 0.51 (As of Mar. 2024)


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What is Bee Vectoring Technologies International 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. Bee Vectoring Technologies International's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.03 Mil. Bee Vectoring Technologies International's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.06 Mil. Bee Vectoring Technologies International's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bee Vectoring Technologies International's Days Inventory for the three months ended in Mar. 2024 was 178.22.

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. Bee Vectoring Technologies International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.76.

Bee Vectoring Technologies International Inventory Turnover Historical Data

The historical data trend for Bee Vectoring Technologies International'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.

* Premium members only.

Bee Vectoring Technologies International Inventory Turnover Chart

Bee Vectoring Technologies International Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.50 6.81 7.03 5.46 4.40

Bee Vectoring Technologies International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 2.01 - 0.03 0.51

Bee Vectoring Technologies International Inventory Turnover Calculation

Bee Vectoring Technologies International's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Inventory Turnover (A: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Sep. 2023 ) / ((Total Inventories (A: Sep. 2022 ) + Total Inventories (A: Sep. 2023 )) / count )
=0.284 / ((0.06 + 0.069) / 2 )
=0.284 / 0.0645
=4.40

Bee Vectoring Technologies International'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: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=0.032 / ((0.073 + 0.052) / 2 )
=0.032 / 0.0625
=0.51

* 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.

Bee Vectoring Technologies International  (XCNQ:BEE) 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.

Bee Vectoring Technologies International'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
=0.0625/0.032*365 / 4
=178.22

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.

Bee Vectoring Technologies International'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 )
=0.0625 / 0.082
=0.76

* 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.

Bee Vectoring Technologies International Inventory Turnover Related Terms

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Bee Vectoring Technologies International Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Bee Vectoring Technologies International Inc (XCNQ:BEE) » Definitions » Inventory Turnover
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Traded in Other Exchanges
BEVVF:USA 1UR1:Germany
Address
4160 Sladeview Crescent, Suite 7, Mississauga, ON, CAN, L5L 0A1
Website
https://www.beevt.com
Bee Vectoring Technologies International Inc through its subsidiary is focused on the control of pests and enhancement of crops and ornamentals by biological controls in a variety of application processes. Its solution includes The Hive and Bees; and Vectorpak with Vectorite.
Executives
Mark William Kohler Director
Jim Molyneux Director
Brandon Boddy Director
Claude Flueckiger Director