Bee Vectoring Technologies International (XCNQ:BEE) Inventory Turnover : 0.03 (As of Dec. 2023)

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What is Bee Vectoring Technologies International 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. Bee Vectoring Technologies International's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.00 Mil. Bee Vectoring Technologies International's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.07 Mil. Bee Vectoring Technologies International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bee Vectoring Technologies International's Days Inventory for the three months ended in Dec. 2023 was 3,239.38.

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. Bee Vectoring Technologies International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.18.

Bee Vectoring Technologies International Inventory Turnover Historical Data

The historical data trend for Bee Vectoring Technologies International'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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Bee Vectoring Technologies International Inventory Turnover Chart

Bee Vectoring Technologies International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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2.50

6.81

7.03

5.46

4.40

Bee Vectoring Technologies International Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.56	0.27	2.01	-	0.03

Bee Vectoring Technologies International Inventory Turnover Calculation

Bee Vectoring Technologies International's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	0.284	/ (	(0.06	+	0.069)	/	2 )
=	0.284	/	0.0645
=	4.40

Bee Vectoring Technologies International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.002	/ (	(0.069	+	0.073)	/	2 )
=	0.002	/	0.071
=	0.03

Bee Vectoring Technologies International (XCNQ:BEE) 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.

Bee Vectoring Technologies International's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.071	/	0.002	*	365 / 4
	=	3,239.38

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.

Bee Vectoring Technologies International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.071	/	0.017
	=	4.18

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.

Bee Vectoring Technologies International Inventory Turnover Related Terms

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Bee Vectoring Technologies International (XCNQ:BEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Bee Vectoring Technologies International Inc (XCNQ:BEE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BEVVF:USA 1UR1:Germany

Address

4160 Sladeview Crescent, Suite 7, Mississauga, ON, CAN, L5L 0A1

Website

https://www.beevt.com

Bee Vectoring Technologies International Inc through its subsidiary is focused on the control of pests and enhancement of crops and ornamentals by biological controls in a variety of application processes. Its solution includes The Hive and Bees; and Vectorpak with Vectorite.

Executives

Claude Flueckiger

Director