BlueBet Holdings (ASX:BBT) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is BlueBet Holdings 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. BlueBet Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$13.14 Mil. BlueBet Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BlueBet Holdings's Days Inventory for the six months ended in Dec. 2023 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. BlueBet Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

BlueBet Holdings Inventory Turnover Historical Data

The historical data trend for BlueBet Holdings'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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BlueBet Holdings Inventory Turnover Chart

BlueBet Holdings Annual Data

Trend

Jun22

Jun23

Inventory Turnover

BlueBet Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			-	-	-	-	-

BlueBet Holdings Inventory Turnover Calculation

BlueBet Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	24.199	/ (	(0	+	0)	/	1 )
=	24.199	/	0
=	N/A

BlueBet Holdings'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 )
=	13.142	/ (	(0	+	0)	/	1 )
=	13.142	/	0
=	N/A

BlueBet Holdings (ASX:BBT) 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.

BlueBet Holdings'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
	=	0	/	13.142	*	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.

BlueBet Holdings'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 )
	=	0	/	27.817
	=	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.

BlueBet Holdings Inventory Turnover Related Terms

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BlueBet Holdings (ASX:BBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BlueBet Holdings Ltd (ASX:BBT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

BlueBet Holdings Ltd is engaged in providing sports and race betting services in Australia. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue.

BlueBet Holdings (ASX:BBT) Headlines

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