BEST Venture Opportunities Fund (XCNQ:BVOF.A) Inventory Turnover : 0.00 (As of Aug. 2024)

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What is BEST Venture Opportunities Fund 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. BEST Venture Opportunities Fund's Cost of Goods Sold for the six months ended in Aug. 2024 was C$0.25 Mil. BEST Venture Opportunities Fund's Average Total Inventories for the quarter that ended in Aug. 2024 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BEST Venture Opportunities Fund's Days Inventory for the six months ended in Aug. 2024 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. BEST Venture Opportunities Fund's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.00.

BEST Venture Opportunities Fund Inventory Turnover Historical Data

The historical data trend for BEST Venture Opportunities Fund'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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BEST Venture Opportunities Fund Inventory Turnover Chart

BEST Venture Opportunities Fund Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

Inventory Turnover

BEST Venture Opportunities Fund Semi-Annual Data
	Aug21	Aug22	Feb23	Aug23	Feb24	Aug24
Inventory Turnover	Get a 7-Day Free Trial			-	-	-	-	-

BEST Venture Opportunities Fund Inventory Turnover Calculation

BEST Venture Opportunities Fund's Inventory Turnover for the fiscal year that ended in Aug. 2024 is calculated as

	Inventory Turnover (A: Aug. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2024 )	/ (	(Total Inventories (A: Aug. 2023 )	+	Total Inventories (A: Aug. 2024 ))	/	count )
=	0.502	/ (	(0	+	0)	/	1 )
=	0.502	/	0
=	N/A

BEST Venture Opportunities Fund's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

	Inventory Turnover (Q: Aug. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2024 )	/ (	(Total Inventories (Q: Feb. 2024 )	+	Total Inventories (Q: Aug. 2024 ))	/	count )
=	0.249	/ (	(0	+	0)	/	1 )
=	0.249	/	0
=	N/A

BEST Venture Opportunities Fund (XCNQ:BVOF.A) 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.

BEST Venture Opportunities Fund's Days Inventory for the six months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	0	/	0.249	*	365 / 2
	=	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.

BEST Venture Opportunities Fund's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	0	/	0.356
	=	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.

BEST Venture Opportunities Fund Inventory Turnover Related Terms

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BEST Venture Opportunities Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BEST Venture Opportunities Fund Inc (XCNQ:BVOF.A) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

http://www.bestfunds.ca

BEST Venture Opportunities Fund Inc is registered as a Labour Sponsored Investment Fund Corporation. The Fund seeks to achieve long-term capital appreciation by investing its assets in accordance with the requirements of the Community Small Business Investment Funds Act (Ontario) and the Income Tax Act (Canada). It diversifies its portfolio by investing in a variety of industries and stages of development including mature, expansion, acquisition, start-up and turnaround stages.

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