Bytes Technology Group (JSE:BYI) Inventory Turnover : 603.44 (As of Aug. 2023)

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What is Bytes Technology Group 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. Bytes Technology Group's Cost of Goods Sold for the six months ended in Aug. 2023 was R796 Mil. Bytes Technology Group's Average Total Inventories for the quarter that ended in Aug. 2023 was R1 Mil. Bytes Technology Group's Inventory Turnover for the quarter that ended in Aug. 2023 was 603.44.

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 Aug. 2023 was 0.30.

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 quarter that ended in Aug. 2023 was 0.00.

Bytes Technology Group Inventory Turnover Historical Data

The historical data trend for Bytes Technology Group'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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Bytes Technology Group Inventory Turnover Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Inventory Turnover

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353.43

758.51

488.65

112.45

734.24

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Inventory Turnover	Get a 7-Day Free Trial						47.37	104.08	389.76	538.46	603.44

Bytes Technology Group Inventory Turnover Calculation

Bytes Technology Group's Inventory Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Inventory Turnover (A: Feb. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2023 )	/ (	(Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )
=	1186.167	/ (	(1.977	+	1.254)	/	2 )
=	1186.167	/	1.6155
=	734.24

Bytes Technology Group's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	795.935	/ (	(1.254	+	1.384)	/	2 )
=	795.935	/	1.319
=	603.44

Bytes Technology Group (JSE:BYI) 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.

Bytes Technology Group's Days Inventory for the six months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	1.319	/	795.935	*	365 / 2
	=	0.30

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.

Bytes Technology Group's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	1.319	/	2593.058
	=	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.

Bytes Technology Group Inventory Turnover Related Terms

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Bytes Technology Group (JSE:BYI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bytes Technology Group PLC (JSE:BYI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BYITl:UK BYIT:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

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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