Bait Ve Gag Real Estate Development (XTAE:BVGG) Inventory Turnover : 0.50 (As of Dec. 2023)

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What is Bait Ve Gag Real Estate Development 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. Bait Ve Gag Real Estate Development's Cost of Goods Sold for the six months ended in Dec. 2023 was ₪48.7 Mil. Bait Ve Gag Real Estate Development's Average Total Inventories for the quarter that ended in Dec. 2023 was ₪97.5 Mil. Bait Ve Gag Real Estate Development's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bait Ve Gag Real Estate Development's Days Inventory for the six months ended in Dec. 2023 was 365.18.

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. Bait Ve Gag Real Estate Development's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.87.

Bait Ve Gag Real Estate Development Inventory Turnover Historical Data

The historical data trend for Bait Ve Gag Real Estate Development'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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Bait Ve Gag Real Estate Development Inventory Turnover Chart

Bait Ve Gag Real Estate Development Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.92

1.97

1.19

Bait Ve Gag Real Estate Development Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			1.09	0.77	1.19	0.63	0.50

Bait Ve Gag Real Estate Development Inventory Turnover Calculation

Bait Ve Gag Real Estate Development'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 )
=	110.165	/ (	(92.621	+	91.935)	/	2 )
=	110.165	/	92.278
=	1.19

Bait Ve Gag Real Estate Development'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	48.729	/ (	(103.076	+	91.935)	/	2 )
=	48.729	/	97.5055
=	0.50

Bait Ve Gag Real Estate Development (XTAE:BVGG) 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.

Bait Ve Gag Real Estate Development's Days Inventory for the six 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
	=	97.5055	/	48.729	*	365 / 2
	=	365.18

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.

Bait Ve Gag Real Estate Development'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 )
	=	97.5055	/	52.112
	=	1.87

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.

Bait Ve Gag Real Estate Development Inventory Turnover Related Terms

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Bait Ve Gag Real Estate Development (XTAE:BVGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Bait Ve Gag Real Estate Development Ltd (XTAE:BVGG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

17A, Abba Hillel street, Ramat Gan, ISR, 6971026

Website

https://www.baitvegag.co.il

Bait Ve Gag Real Estate Development Ltd is engaged in the planning, initiation, and execution of real estate projects comprising mainly urban renewal.

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