BeWhere Holdings (TSXV:BEW) Inventory Turnover : 2.58 (As of Mar. 2024)

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What is BeWhere Holdings 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. BeWhere Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was C$2.16 Mil. BeWhere Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.84 Mil. BeWhere Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BeWhere Holdings's Days Inventory for the three months ended in Mar. 2024 was 35.32.

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. BeWhere Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.24.

BeWhere Holdings Inventory Turnover Historical Data

The historical data trend for BeWhere Holdings'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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BeWhere Holdings Inventory Turnover Chart

BeWhere Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.26

4.54

6.40

7.56

8.71

BeWhere Holdings 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															2.10	3.10	2.98	2.68	2.58

BeWhere Holdings Inventory Turnover Calculation

BeWhere Holdings'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 )
=	7.422	/ (	(0.855	+	0.85)	/	2 )
=	7.422	/	0.8525
=	8.71

BeWhere Holdings'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 )
=	2.157	/ (	(0.85	+	0.82)	/	2 )
=	2.157	/	0.835
=	2.58

BeWhere Holdings (TSXV:BEW) 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.

BeWhere Holdings'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
	=	0.835	/	2.157	*	365 / 4
	=	35.32

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.

BeWhere Holdings'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 )
	=	0.835	/	3.5
	=	0.24

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.

BeWhere Holdings Inventory Turnover Related Terms

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BeWhere Holdings (TSXV:BEW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BeWhere Holdings Inc (TSXV:BEW) » Definitions » Inventory Turnover

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Traded in Other Exchanges

BEWFF:USA S9XC:Germany

Address

2475 Skymark Avenue, Unit 4, Mississauga, ON, CAN, L4W 4Y6

Website

https://www.bewhere.com

BeWhere Holdings Inc is an internet provider of real-time information on equipment tools, and inventory in transit and at facilities serving the emergency service, construction, utility, and transportation industries. It designs and sells beacons and develops mobile applications, middle-ware, and cloud-based solutions enabling a level of operational visibility that was previously unavailable and cost prohibitive. The company derives revenue from the sale of beacons and their associated software, as well as professional services associated with customizing its products. Its products include Bluetooth Beacons, Gateways, NB-IoT and LTE-M.

Executives

Owen Moore	10% Security Holder, Director, Senior Officer
Rajiv Khanna	Senior Officer
Christopher John Panczuk	10% Security Holder, Director, Senior Officer
Joanne De Laurentiis	Director

BeWhere Holdings (TSXV:BEW) Headlines

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