Beeks Financial Cloud Group (LSE:BKS) Inventory Turnover : 5.14 (As of Dec. 2023)

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What is Beeks Financial Cloud 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. Beeks Financial Cloud Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £8.15 Mil. Beeks Financial Cloud Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £1.59 Mil. Beeks Financial Cloud Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beeks Financial Cloud Group's Days Inventory for the six months ended in Dec. 2023 was 35.54.

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. Beeks Financial Cloud Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Beeks Financial Cloud Group Inventory Turnover Historical Data

The historical data trend for Beeks Financial Cloud 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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Beeks Financial Cloud Group Inventory Turnover Chart

Beeks Financial Cloud Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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5.97

7.59

Beeks Financial Cloud Group Semi-Annual Data
	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial												-	3.22	2.99	3.58	5.14

Beeks Financial Cloud Group Inventory Turnover Calculation

Beeks Financial Cloud Group'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 )
=	13.602	/ (	(1.818	+	1.767)	/	2 )
=	13.602	/	1.7925
=	7.59

Beeks Financial Cloud Group'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 )
=	8.153	/ (	(1.767	+	1.408)	/	2 )
=	8.153	/	1.5875
=	5.14

Beeks Financial Cloud Group (LSE:BKS) 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.

Beeks Financial Cloud Group'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
	=	1.5875	/	8.153	*	365 / 2
	=	35.54

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.

Beeks Financial Cloud Group'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 )
	=	1.5875	/	13.005
	=	0.12

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.

Beeks Financial Cloud Group Inventory Turnover Related Terms

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Beeks Financial Cloud Group (LSE:BKS) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Beeks Financial Cloud Group PLC (LSE:BKS) » Definitions » Inventory Turnover

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Address

2 Kings Inch Way, Riverside Building, Renfrew, Renfrew, Renfrewshire, GBR, PA4 8YU

Website

https://www.beeksgroup.com

Beeks Financial Cloud Group PLC is a technology company that provides services like Trading Infrastructure, Managed Cloud, On Demand compute, Connectivity, Analytics and Open Finance to enterprises functioning in capital markets and financial services industry. The operating segments of the company are Public/Private Cloud and Proximity Cloud/Exchange Cloud with the majority of the revenue being generated from the Public/Private Cloud segment. Geographically, the company operates in United Kingdom, Europe, United States and Rest of the world. A substantial portion of its overall revenue is generated from its business in United States.