Butler National (Butler National) Inventory Turnover : 1.01 (As of Jan. 2024)

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What is Butler National 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. Butler National's Cost of Goods Sold for the three months ended in Jan. 2024 was $9.94 Mil. Butler National's Average Total Inventories for the quarter that ended in Jan. 2024 was $9.89 Mil. Butler National's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Butler National's Days Inventory for the three months ended in Jan. 2024 was 90.76.

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. Butler National's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.52.

Butler National Inventory Turnover Historical Data

The historical data trend for Butler National'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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Butler National Inventory Turnover Chart

Butler National Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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5.18

5.16

5.08

4.17

4.64

Butler National Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															1.18	1.26	1.25	1.19	1.01

Butler National Inventory Turnover Calculation

Butler National's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	41.303	/ (	(8.872	+	8.947)	/	2 )
=	41.303	/	8.9095
=	4.64

Butler National's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	9.941	/ (	(9.239	+	10.537)	/	2 )
=	9.941	/	9.888
=	1.01

Butler National (OTCPK:BUKS) 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.

Butler National's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	9.888	/	9.941	*	365 / 4
	=	90.76

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.

Butler National's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	9.888	/	18.96
	=	0.52

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.

Butler National Inventory Turnover Related Terms

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Butler National (Butler National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Butler National Corp (OTCPK:BUKS) » Definitions » Inventory Turnover

Comparable Companies

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Traded in Other Exchanges

N/A

Address

19920 West 161st Street, Olathe, KS, USA, 66062

Website

https://www.butlernational.com

Butler National Corp is engaged in designing, manufacturing and selling, installing, repairing, modifying, overhauling, servicing and distributing a broad portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems. The company's operating segment includes Professional Services and Aerospace Products. It generates maximum revenue from the Aerospace Products segment. The Professional Services segment provides professional management services in the gaming industry, and professional architectural, and engineering services. It has a business presence in North America, Europe, Asia, Australia and other geographical regions.

Executives

Joseph Patrick Daly	10 percent owner	497 CIRCLE FREEWAY, CINCINNATI OH 45246
Joe Aric Peters	director	15125 MELROSE DRIVE, OVERLAND PARK KS 66221
Zeff Holding Company, Llc	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Veradace Partners Lp	10 percent owner	2626 COLE AVENUE, SUITE 300, DALLAS TX 75204
Zeff Capital, Lp	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Daniel Zeff	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
John M. Edgar	director	2600 GRAND BOULEVARD, SUITE 440, KANSAS CITY MO 64108
David B Hayden	director	15733 SHANNAN LANE, OLATHE KS 66062
Tad Mitchell Mcmahon	officer: Chief Financial Officer	19920 W 161ST STREET, OLATHE KS 66062
Craig D Stewart	officer: Vice President and CFO	15213 KING STREET, OVERLAND PARK KS 66221
Angela D Seba-shinabargar	officer: CFO	11575 S. WATER, OLATHE KS 66061
Bradley Kyle Hoffman	director	8741 ENSLEY LANE, LEAWOOD KS 66206
Michael Joseph Tamburelli	director	11028 N. LAUREL AVE, KANSAS CITY MO 64157
Christopher J Reedy	officer: Vice President	7411 RICHARDS DRIVE, SHAWNEE KS 66216
Clark D Stewart	director, officer: President - CEO	15733 SHANNAN LANE, OLATHE KS 66062