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Bytes Technology Group (JSE:BYI) Inventory-to-Revenue : 0.00 (As of Feb. 2024)


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What is Bytes Technology Group Inventory-to-Revenue?

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 Average Total Inventories for the quarter that ended in Feb. 2024 was R1 Mil. Bytes Technology Group's Revenue for the six months ended in Feb. 2024 was R2,361 Mil. Bytes Technology Group's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.00.

Bytes Technology Group's Inventory-to-Revenue for the quarter that ended in Feb. 2024 stayed the same from Aug. 2023 (0.00) to Aug. 2023 (0.00)

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 six months ended in Feb. 2024 was 0.39.

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 Feb. 2024 was 473.90.


Bytes Technology Group Inventory-to-Revenue Historical Data

The historical data trend for Bytes Technology Group's Inventory-to-Revenue 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 Inventory-to-Revenue Chart

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Competitive Comparison of Bytes Technology Group's Inventory-to-Revenue

For the Software - Infrastructure subindustry, Bytes Technology Group's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bytes Technology Group's Inventory-to-Revenue Distribution in the Software Industry

For the Software industry and Technology sector, Bytes Technology Group's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Bytes Technology Group's Inventory-to-Revenue falls into.



Bytes Technology Group Inventory-to-Revenue Calculation

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 fiscal year that ended in Feb. 2024 is calculated as

Inventory-to-Revenue (A: Feb. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Feb. 2023 ) + Total Inventories (A: Feb. 2024 )) / count ) / Revenue (A: Feb. 2024 )
=( (1.254 + 1.441) / 2 ) / 4970.804
=1.3475 / 4970.804
=0.00

Bytes Technology Group's Inventory-to-Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue (Q: Feb. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Aug. 2023 ) + Total Inventories (Q: Feb. 2024 )) / count ) / Revenue (Q: Feb. 2024 )
=( (1.384 + 1.441) / 2 ) / 2360.82
=1.4125 / 2360.82
=0.00

* 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.


Bytes Technology Group  (JSE:BYI) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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 six months ended in Feb. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Feb. 2024 )/Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=1.4125/669.381*365 / 2
=0.39

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 Feb. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Feb. 2024 ) / Average Total Inventories (Q: Feb. 2024 )
=669.381 / 1.4125
=473.90

* 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.


Bytes Technology Group Inventory-to-Revenue Related Terms

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Bytes Technology Group (JSE:BYI) Business Description

Traded in Other Exchanges
Address
Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW
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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