Bit Brother (Bit Brother) Days Inventory : 8.09 (As of Jun. 2023)

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What is Bit Brother Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bit Brother's Average Total Inventories for the six months ended in Jun. 2023 was $0.23 Mil. Bit Brother's Cost of Goods Sold for the six months ended in Jun. 2023 was $5.25 Mil. Hence, Bit Brother's Days Inventory for the six months ended in Jun. 2023 was 8.09.

The historical rank and industry rank for Bit Brother's Days Inventory or its related term are showing as below:

BETSF' s Days Inventory Range Over the Past 10 Years
Min: 13.18 Med: 94.58 Max: 1520.5
Current: 14.8

During the past 12 years, Bit Brother's highest Days Inventory was 1520.50. The lowest was 13.18. And the median was 94.58.

BETSF's Days Inventory is ranked better than
67.28% of 217 companies
in the Capital Markets industry
Industry Median: 60.48 vs BETSF: 14.80

Bit Brother's Days Inventory increased from Jun. 2022 (0.00) to Jun. 2023 (8.09). It might indicate that Bit Brother's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bit Brother's Inventory Turnover for the six months ended in Jun. 2023 was 22.55.

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 six months ended in Jun. 2023 was 0.10.

Bit Brother Days Inventory Historical Data

The historical data trend for Bit Brother'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.

* Premium members only.

Bit Brother Days Inventory Chart

Bit Brother Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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177.11

796.60

1,520.50

130.59

13.18

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
Days Inventory	Get a 7-Day Free Trial															-	94.60	-	122.99	8.09

Competitive Comparison of Bit Brother's Days Inventory

For the Capital Markets subindustry, Bit Brother'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.

Bit Brother's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bit Brother's Days Inventory distribution charts can be found below:

* The bar in red indicates where Bit Brother's Days Inventory falls into.

Bit Brother Days Inventory Calculation

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 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
=	( (0.218	+	0.188)	/	2 )	/	5.621	*	365
=	0.203					/	5.621	*	365
=	13.18

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

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.278	+	0.188)	/	2 )	/	5.254	*	365 / 2
=	0.233					/	5.254	*	365 / 2
=	8.09

Bit Brother (OTCPK:BETSF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.254	/	0.233
	=	22.55

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.233	/	2.25
	=	0.10

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.

Bit Brother Days Inventory Related Terms

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

Bit Brother (Bit Brother) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Brother Ltd (OTCPK:BETSF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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.