Bytes Technology Group (JSE:BYI) Change In Inventory : R-0 Mil (TTM As of Aug. 2023)

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What is Bytes Technology Group Change In Inventory?

Bytes Technology Group's change in inventory for the quarter that ended in Aug. 2023 was R0 Mil. It means Bytes Technology Group's inventory stayed the same from Feb. 2023 to Aug. 2023 .

Bytes Technology Group's change in inventory for the fiscal year that ended in Feb. 2023 was R1 Mil. It means Bytes Technology Group's inventory declined by R1 Mil from Feb. 2022 to Feb. 2023 .

Bytes Technology Group's Total Inventories for the quarter that ended in Aug. 2023 was R1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bytes Technology Group's Days Inventory for the quarter that ended in Aug. 2023 was 0.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bytes Technology Group's Inventory Turnover for the quarter that ended in Aug. 2023 was 603.44.

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. Bytes Technology Group's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.00.

Bytes Technology Group Change In Inventory Historical Data

The historical data trend for Bytes Technology Group's Change In Inventory 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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Bytes Technology Group Change In Inventory Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Change In Inventory

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28.19

-11.56

1.99

10.19

0.82

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Change In Inventory	Get a 7-Day Free Trial						6.78	3.34	1.02	-0.28	-

Bytes Technology Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-0 Mil.

Bytes Technology Group (JSE:BYI) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Bytes Technology Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.319	/	795.935	*	365 / 2
	=	0.30

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Bytes Technology Group's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	795.935	/	1.319
	=	603.44

3. 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.

Bytes Technology Group's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.319	/	2593.058
	=	0.00

Bytes Technology Group Change In Inventory Related Terms

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Bytes Technology Group (JSE:BYI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bytes Technology Group PLC (JSE:BYI) » Definitions » Change In Inventory

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Traded in Other Exchanges

BYITl:UK BYIT:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

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