BT Brands (BT Brands) Inventory Turnover : 12.48 (As of Mar. 2024)

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What is BT Brands 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. BT Brands's Cost of Goods Sold for the three months ended in Mar. 2024 was $2.67 Mil. BT Brands's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.21 Mil. BT Brands's Inventory Turnover for the quarter that ended in Mar. 2024 was 12.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BT Brands's Days Inventory for the three months ended in Mar. 2024 was 7.31.

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. BT Brands's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

BT Brands Inventory Turnover Historical Data

The historical data trend for BT Brands'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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BT Brands Inventory Turnover Chart

BT Brands Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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82.00

92.77

80.41

75.47

61.59

BT Brands 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															15.06	16.60	15.42	13.11	12.48

BT Brands Inventory Turnover Calculation

BT Brands'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 )
=	11.056	/ (	(0.158	+	0.201)	/	2 )
=	11.056	/	0.1795
=	61.59

BT Brands'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 )
=	2.665	/ (	(0.201	+	0.226)	/	2 )
=	2.665	/	0.2135
=	12.48

BT Brands (NAS:BTBD) 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.

BT Brands'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
	=	0.2135	/	2.665	*	365 / 4
	=	7.31

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.

BT Brands'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 )
	=	0.2135	/	3.19
	=	0.07

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.

BT Brands Inventory Turnover Related Terms

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BT Brands (BT Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » BT Brands Inc (NAS:BTBD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 Main Avenue West, Suite 2D, West Fargo, ND, USA, 58078

Website

https://www.itsburgertime.com

BT Brands Inc operates and owns a fast-food restaurant called Burger Time. The company also operates in Minnesota as a franchisee of Dairy Queen. It offers a variety of burgers and other affordably priced foods such as chicken sandwiches, pulled pork sandwiches, chicken chunks, side dishes, and soft drinks.

Executives

Gary Copperud	director, 10 percent owner, officer: Chief Executive Officer	405 WEST MAIN STREET, WEST FARGO ND 58078
Allan D Anderson	director	950 BLUFF CIRCLE NORTH, CHASKA MN 55318
Terri Tochihara-dirks	director	405 WEST MAIN AVENUE, SUITE 20, WEST FARGO ND 58078
Steven W Schussler	director	720 S FIFTH STREET, HOPKINS MN 55343
Jeffrey A Zinnecker	director, 10 percent owner	405 WEST MAIN STREET, WEST FARGO ND 58078
Kenneth William Brimmer	director, officer: Chief Operating Officer	SUITE 102, 10501 WAYZATA BLVD., MINNETONKA MN 55305
Sally Copperud	10 percent owner	405 WEST MAIN, WEST FARGO ND 58078