Bit Brother (FRA:29D) Change In Inventory : €0.28 Mil (TTM As of Jun. 2023)

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What is Bit Brother Change In Inventory?

Bit Brother's change in inventory for the quarter that ended in Jun. 2023 was €0.35 Mil. It means Bit Brother's inventory declined by €0.35 Mil from Dec. 2022 to Jun. 2023 .

Bit Brother's change in inventory for the fiscal year that ended in Jun. 2023 was €0.28 Mil. It means Bit Brother's inventory declined by €0.28 Mil from Jun. 2022 to Jun. 2023 .

Bit Brother's Total Inventories for the quarter that ended in Jun. 2023 was €0.17 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bit Brother's Days Inventory for the quarter that ended in Jun. 2023 was 8.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bit Brother's Inventory Turnover for the quarter that ended in Jun. 2023 was 22.25.

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. Bit Brother's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.10.

Bit Brother Change In Inventory Historical Data

The historical data trend for Bit Brother's Change In Inventory 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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Bit Brother Change In Inventory Chart

Bit Brother Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Inventory

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-0.07

0.01

-0.34

0.28

Bit Brother Semi-Annual Data
	Oct13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial															-	0.48	-0.85	-0.08	0.35

Bit Brother Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.28 Mil.

Bit Brother (FRA:29D) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Bit Brother's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.218	/	4.85	*	365 / 2
	=	8.20

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Bit Brother's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.85	/	0.218
	=	22.25

3. 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.

Bit Brother's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.218	/	2.077
	=	0.10

Bit Brother Change In Inventory Related Terms

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Bit Brother (FRA:29D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Brother Ltd (FRA:29D) » Definitions » Change In Inventory

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Traded in Other Exchanges

BETS:USA 29D:Germany

Address

53 Binjiang Road, 15/F, Block A, Kineer Business Centre, Yuelu District, Changsha, Hunan, CHN, 410023

Website

https://www.bitbrother.com

Bit Brother Ltd formerly Urban Tea Inc through its subsidiaries operates in two business segments, Tea shop chains and block chain and digital asset mining. Through Tea shop chains the company is engaged in specialty tea product distribution and retail business. The company offers trendy tea drinks, light meals, and pastries through its stores. Through its Blockchain technology and digital asset mining business, the company is engaged in research and development of a digital currency wallet, the integrated operation and management of supercomputer servers, and financial services, targeting both individual and institutional users. The majority of the revenue for the company is generated from its Tea shop chains.

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