BetMakers Technology Group (ASX:BET) Days Inventory : 41.82 (As of Dec. 2023)

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What is BetMakers Technology Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). BetMakers Technology Group's Average Total Inventories for the six months ended in Dec. 2023 was A$4.19 Mil. BetMakers Technology Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$18.29 Mil. Hence, BetMakers Technology Group's Days Inventory for the six months ended in Dec. 2023 was 41.82.

The historical rank and industry rank for BetMakers Technology Group's Days Inventory or its related term are showing as below:

ASX:BET' s Days Inventory Range Over the Past 10 Years
Min: 40.77 Med: 60.45 Max: 173.31
Current: 40.77

During the past 8 years, BetMakers Technology Group's highest Days Inventory was 173.31. The lowest was 40.77. And the median was 60.45.

ASX:BET's Days Inventory is ranked worse than
51.86% of 671 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs ASX:BET: 40.77

BetMakers Technology Group's Days Inventory declined from Dec. 2022 (45.34) to Dec. 2023 (41.82).

Inventory Turnover measures how fast the company turns over its inventory within a year. BetMakers Technology Group's Inventory Turnover for the six months ended in Dec. 2023 was 4.36.

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. BetMakers Technology Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.08.

BetMakers Technology Group Days Inventory Historical Data

The historical data trend for BetMakers Technology Group's Days 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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BetMakers Technology Group Days Inventory Chart

BetMakers Technology Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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173.31

60.45

41.66

BetMakers Technology Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial												64.83	50.97	45.34	39.64	41.82

Competitive Comparison of BetMakers Technology Group's Days Inventory

For the Gambling subindustry, BetMakers Technology Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BetMakers Technology Group's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, BetMakers Technology Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where BetMakers Technology Group's Days Inventory falls into.

BetMakers Technology Group Days Inventory Calculation

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

BetMakers Technology Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (4.014	+	4.17)	/	2 )	/	35.851	*	365
=	4.092					/	35.851	*	365
=	41.66

BetMakers Technology Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.17	+	4.215)	/	2 )	/	18.294	*	365 / 2
=	4.1925					/	18.294	*	365 / 2
=	41.82

BetMakers Technology Group (ASX:BET) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

BetMakers Technology Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18.294	/	4.1925
	=	4.36

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.

BetMakers Technology Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.1925	/	51.362
	=	0.08

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

BetMakers Technology Group Days Inventory Related Terms

Thank you for viewing the detailed overview of BetMakers Technology Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

BetMakers Technology Group (ASX:BET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BetMakers Technology Group Ltd (ASX:BET) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TPBTF:USA

Address

189 Flinders Lane, Level 4, Melbourne, VIC, AUS, 3000

Website

http://www.thebetmakers.com

BetMakers Technology Group Ltd engages in the development and provision of data and analytic products. The firm operates in three segments: Global racing network, Global betting services, and Global Tote. The Global racing network segment assists racing bodies and rights holders in producing and distributing race content including services such as barrier technology, official price calculation, vision, and pricing distribution. The Global betting services segment which derives the majority of revenue provides a variety of racing data and analytical tools consisting of basic race data such as pricing, runners, and form, analytical tools. The Global Tote segment includes the provision of tote software and integrations to facilitate tote liquidity and results.

BetMakers Technology Group (ASX:BET) Headlines

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