BOS Better Online Solutions (BOS Better Online Solutions) Inventory Turnover : 1.47 (As of Mar. 2024)

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What is BOS Better Online Solutions 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. BOS Better Online Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was $8.73 Mil. BOS Better Online Solutions's Average Total Inventories for the quarter that ended in Mar. 2024 was $5.92 Mil. BOS Better Online Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BOS Better Online Solutions's Days Inventory for the three months ended in Mar. 2024 was 61.92.

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. BOS Better Online Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.52.

BOS Better Online Solutions Inventory Turnover Historical Data

The historical data trend for BOS Better Online Solutions'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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BOS Better Online Solutions Inventory Turnover Chart

BOS Better Online Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.56

5.34

5.18

5.41

5.59

BOS Better Online Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.42	1.22	1.04	1.32	1.47

BOS Better Online Solutions Inventory Turnover Calculation

BOS Better Online Solutions's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	34.97	/ (	(6.433	+	6.07)	/	2 )
=	34.97	/	6.2515
=	5.59

BOS Better Online Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	8.727	/ (	(6.07	+	5.773)	/	2 )
=	8.727	/	5.9215
=	1.47

BOS Better Online Solutions (NAS:BOSC) 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.

BOS Better Online Solutions's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	5.9215	/	8.727	*	365 / 4
	=	61.92

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.

BOS Better Online Solutions's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	5.9215	/	11.287
	=	0.52

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.

BOS Better Online Solutions Inventory Turnover Related Terms

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BOS Better Online Solutions (BOS Better Online Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BOS Better Online Solutions Ltd (NAS:BOSC) » Definitions » Inventory Turnover

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Address

20 Freiman Street, Rishon LeZion, ISR, 7535825

Website

https://www.boscom.com

BOS Better Online Solutions Ltd is a provider of Intelligent Robotics and Supply Chain solutions for enterprises. The company manages its business in three reportable divisions: the Intelligent Robotics segment, the RFID Division segment, and the Supply Chain Solutions segment. The majority of revenue derives from Supply Chain Solutions which distributes electro-mechanical components, mainly to customers in the aerospace, defense, and other industries, and is a supply chain service provider for aviation customers that seek a comprehensive solution to their components-supply needs. Geographically company derives the majority of its revenue from Israel.