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Bantec Inc   (BANT)
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    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 

Bantec Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Bantec Inc 's inventory turnover ratio, the ratio that measures Bantec Inc 's ability to manage its supply chain, sequentially decreased to 9.39 in the third quarter 2024, which does not come as a surprise, as the Bantec Inc continue to experience headwinds, which also impact its supply chain. Bantec Inc 's average inventory processing period in the Jun 30 2024 quarter, has increased to 39 days, from 31 days, in the Mar 31 2024 quarter.

Within Capital Goods sector 27 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2024, to 232, from total ranking in the second quarter 2024 at 359.

BANT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Bantec Inc Market Share?

What is Inventory Turnover Ratio?


BANT Inventory Turnover Ratio (Jun 30 2024)
III. Quarter
(Mar 31 2024)
II. Quarter
(Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
II. Quarter
Y / Y Inventory Growth 15.7 % 153.99 % 91.63 % -46.51 % -31.41 %
Y / Y Cost of Sales Growth -62.34 % 4.12 % -86.08 % -22.13 % 59.89 %
Inventory Turnover Ratio (TTM) 9.39 11.94 15.89 28.44 26.28
BANT's Total Ranking # 232 # 359 # 283 # 157 #
Average inventory processing period 39 31 23 13 14
Seq. Inventory Growth -58.66 % 31.77 % 223.02 % -34.25 % -9.24 %
Seq. Cost of Sales Growth -63.57 % 383.98 % -77.55 % -4.88 % 0.73 %



Inventory Turnover Ratio Company Ranking
Within: No.
Aerospace & Defense Industry # 6
Capital Goods Sector # 28
Overall Market # 232

Inventory Turnover Ratio Statistics
High Average Low
55.01 28.43 9.39
(Sep 30 2019)   (Jun 30 2024)




Financial Statements
Bantec Inc 's Inventories $ 0 Millions Visit BANT's Balance sheet
Bantec Inc 's Cost of Revenues TTM $ 1 Millions Visit BANT's Income Statement
What are BANT's Sales? Visit BANT's Sales by Segment

Other Inventory Turnover Ratios
Bantec Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Aerospace & Defense Industry Inventory Turnover Trends and Statistics
Capital Goods Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
BANT's Inventory Turnover Ratio versus Aerospace & Defense Industry, Capital Goods Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for BANT's Competitors
Inventory Turnover Ratio for BANT's Suppliers
Inventory Turnover Ratio for BANT's Customers

You may also want to know
BANT's Sales Growth Rates BANT's Pe Price to earnings ratio BANT's Receivables Turnover Ratio BANT's Stock Quote
BANT's Net Income Growth Rates BANT's Ps Price to Sales ratio BANT's Sales per Employee BANT's Asset Turnover Ratio
BANT's Net Margin BANT's Pb Price to Book ratio BANT's Financial Strength Ratios BANT's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Jun 30 2024, within Capital Goods Sector Inventory Turnover Ratio Cost of revenues at quarter ending Jun 30 2024 Inventories at quarter ending Jun 30 2024
Dycom Industries Inc   32.92 $ 3,591.589  Millions$ 109  Millions
Fuel Tech Inc   32.89 $ 14.496  Millions$ 0  Millions
Mistras Group inc   32.41 $ 494.949  Millions$ 15  Millions
Granite Construction Inc  30.76 $ 3,322.825  Millions$ 108  Millions
Ceco Environmental Corp   24.96 $ 461.000  Millions$ 18  Millions
Northrop Grumman Corp  20.55 $ 27,422.000  Millions$ 1,335  Millions
Ies Holdings Inc   20.02 $ 2,106.849  Millions$ 105  Millions
Lockheed Martin Corporation  19.53 $ 62,603.000  Millions$ 3,205  Millions
Great Lakes Dredge and Dock Corporation  16.69 $ 543.323  Millions$ 33  Millions
Construction Partners Inc   15.57 $ 1,510.147  Millions$ 97  Millions
Ess Tech Inc   12.72 $ 42.000  Millions$ 3  Millions
Symbotic Inc   12.67 $ 1,664.875  Millions$ 131  Millions
L3harris Technologies Inc   11.87 $ 17,859.000  Millions$ 1,505  Millions
Greystone Logistics Inc   11.47 $ 50.000  Millions$ 4  Millions
Installed Building Products Inc   11.25 $ 1,882.488  Millions$ 167  Millions
Stem Inc   10.20 $ 382.589  Millions$ 37  Millions
Topbuild Corp  9.75 $ 3,631.977  Millions$ 373  Millions
Nextracker Inc   9.41 $ 1,803.474  Millions$ 192  Millions
Bantec Inc   9.39 $ 1.326  Millions$ 0  Millions
Powell Industries Inc   9.30 $ 698.904  Millions$ 75  Millions
Trio tech International  9.20 $ 31.000  Millions$ 3  Millions
Enovix Corporation  7.68 $ 48.000  Millions$ 6  Millions
Blue Bird Corporation  7.43 $ 1,053.943  Millions$ 142  Millions
Leonardo Drs Inc   6.69 $ 2,376.000  Millions$ 355  Millions
Sturm Ruger And Co Inc  6.61 $ 425.814  Millions$ 64  Millions
Oil dri Corporation Of America  6.59 $ 312.493  Millions$ 47  Millions
Perma pipe International Holdings Inc   6.58 $ 103.385  Millions$ 16  Millions
Wabash National Corporation  6.52 $ 1,895.482  Millions$ 291  Millions
Mastercraft Boat Holdings Inc   6.49 $ 299.000  Millions$ 46  Millions
Johnson Controls International Plc  6.31 $ 18,349.000  Millions$ 2,909  Millions

Date modified: 2024-09-05T17:58:12+00:00



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