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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. Bion Environmental Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.00 Mil. Bion Environmental Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.00 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
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.
The historical data trend for Bion Environmental Technologies'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.
Bion Environmental Technologies Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Bion Environmental Technologies Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Bion Environmental Technologies'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 ) |
= | 0 | / ( | (0 | + | 0) | / | 1 ) |
= | 0 | / | 0 | ||||
= | N/A |
Bion Environmental Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover (Q: Mar. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Mar. 2024 ) | / ( | (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) |
= | 0 | / ( | (0 | + | 0) | / | 1 ) |
= | 0 | / | 0 | ||||
= | N/A |
* 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.
Bion Environmental Technologies (OTCPK:BNET) 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.
Bion Environmental Technologies's Days Inventory for the three months ended in Mar. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2024 ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | 0 | / | 0 | * | 365 / 4 | |
= |
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.
Bion Environmental Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 0 | / | 0 | |
= |
* 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.
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.
Thank you for viewing the detailed overview of Bion Environmental Technologies's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony Orphanos | 10 percent owner | C/O BLACKSMITH ADVISORS, LLC, 40 WEST 57TH STREET, 20TH FLOOR, NEW YORK NY 10019 |
Salvatore J Zizza | director | 810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019 |
William F. Rupp | director | C/O BION ENVIRONMENTAL TECHNOLOGIES, INC, PO BOX 323, OLD BETHPAGE NY 11804 |
William O'neill | officer: CEO | C/O BION ENVIRONMENTAL TECHNOLOGIES INC., PO BOX 323, OLD BETHPAGE NY 11804 |
Danielle C. Lominy | 10 percent owner | 6400 VILLAGE HILL DRIVE, DIX HILLS NY 11746 |
Christopher B. Parlow | 10 percent owner | 23 LONGBOW DRIVE, COMMACK NY 11725 |
Jon Northrop | director, officer: Secretary | |
Mark A Smith | director, 10 percent owner, officer: President | 641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
Dominic Bassani | 10 percent owner, officer: CEO | C/O BRIGHT CAPITAL, LTD., 64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746 |
Edward T Schafer | director, officer: Executive Vice Chairman | 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701 |
Bright Capital Ltd. | 10 percent owner | 64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746 |
Jere Northrop | director, officer: Senior Technology Officer | 1961 TONAWANDA CREEK RD, AMHERST NY 14228 |
Jeremy Rowland | officer: COO of Bion Dairy | 641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
George Bloom | officer: COO of Bion Technologies | 641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
Chris-dan, Llc | 10 percent owner | 64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746 |
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