Bitmis Inventory Turnover Ratio (COS)

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

Due to inventory build up in the third quarter 2024, Bitmis 's inventory turnover ratio sequentially decreased to 2.02 in the third quarter 2024, unsurprisingly, as the Bitmis markets continue to deteriorate, and BITMIS's faces growing challenges to bring down its inventories. Bitmis 's average inventory processing period in the Mar 31 2024 quarter, has increased to 181 days, from 162 days, in the Dec 31 2023 quarter.

Within Consumer Non Cyclical sector 121 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 0 in the second quarter 2024, to 1610.

BITMIS Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
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What is Inventory Turnover Ratio?

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BITMIS Inventory Turnover Ratio	(Mar 31 2024) III. Quarter	(Dec 31 2023) II. Quarter	(Sep 30 2023) I. Quarter	(Jun 30 2023) IV. Quarter	(Mar 31 2023) III. Quarter
Y / Y Inventory Growth	94.76 %	-62.48 %	-49.24 %	-	-
Y / Y Cost of Sales Growth	251.3 %	71.59 %	200.78 %	-	-59.68 %
Inventory Turnover Ratio (TTM)	2.02	2.26	1.34	0.87	0.83
BITMIS's Total Ranking	# 1610	# 0	# 0	# 0	#
Average inventory processing period	180	162	273	418	441
Seq. Inventory Growth	205.32 %	-26.48 %	-12.99 %	-0.28 %	-41.17 %
Seq. Cost of Sales Growth	-64.8 %	107.05 %	95.12 %	147.07 %	-82.81 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Legal Cannabis Industry	# 10
Consumer Non Cyclical Sector	# 122
Overall Market	# 1610

Inventory Turnover Ratio Statistics
High	Average	Low
2.57	2.15	1.73
(Mar 31 2024)		(Dec 31 2023)

BITMIS Company Profile >> Back to BITMIS Efficiency Comparisons >> Compare BITMIS Inventory Turnover Ratio to its Competitors

Financial Statements
Bitmis 's Inventories	$ 1 Millions	Visit BITMIS's Balance sheet
Bitmis 's Cost of Revenues TTM	$ 1 Millions	Visit BITMIS's Income Statement
What are BITMIS's Sales?		Visit BITMIS's Sales by Segment

Other Inventory Turnover Ratios
Bitmis 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Legal Cannabis Industry Inventory Turnover Trends and Statistics
Consumer Non Cyclical Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
BITMIS's Inventory Turnover Ratio versus Legal Cannabis Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for BITMIS's Competitors
Inventory Turnover Ratio for BITMIS's Suppliers
Inventory Turnover Ratio for BITMIS's Customers

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

Companies with similar Inventory Turnover Ratio for the quarter ending Mar 31 2024, within Consumer Non Cyclical Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Mar 31 2024	Inventories at quarter ending Mar 31 2024
Scotts Miracle gro Co	3.03	$ 2,627.300 Millions	$ 867 Millions
Upexi Inc	2.99	$ 19.910 Millions	$ 7 Millions
Healthier Choices Management Corp	2.94	$ 8.493 Millions	$ 3 Millions
Tofutti Brands Inc	2.83	$ 7.000 Millions	$ 2 Millions
Usana Health Sciences Inc	2.79	$ 170.319 Millions	$ 61 Millions
Naturalshrimp Incorporated	2.78	$ 0.126 Millions	$ 0 Millions
Central Garden and Pet Company	2.70	$ 2,333.670 Millions	$ 864 Millions
Solesence Inc	2.65	$ 27.692 Millions	$ 10 Millions
Coty Inc	2.65	$ 2,190.300 Millions	$ 828 Millions
Molson Coors Beverage Company	2.60	$ 2,206.900 Millions	$ 847 Millions
Edgewell Personal Care Company	2.60	$ 1,306.500 Millions	$ 503 Millions
B and g Foods inc	2.57	$ 1,575.000 Millions	$ 612 Millions
Bitmis Corp	2.57	$ 0.831 Millions	$ 0 Millions
Niagen Bioscience Inc	2.51	$ 32.449 Millions	$ 13 Millions
Beyond Meat Inc	2.51	$ 411.000 Millions	$ 164 Millions
E l f Beauty Inc	2.43	$ 314.955 Millions	$ 130 Millions
Tilray Brands Inc	2.42	$ 530.267 Millions	$ 219 Millions
Zevia Pbc	2.35	$ 89.551 Millions	$ 38 Millions
Trulieve Cannabis Corp.	2.34	$ 529.360 Millions	$ 226 Millions
Stryve Foods Inc	2.30	$ 14.317 Millions	$ 6 Millions
Hydrofarm Holdings Group Inc	2.23	$ 180.203 Millions	$ 81 Millions
Reed s Inc	2.19	$ 29.000 Millions	$ 13 Millions
Natural Health Trends Corp	2.12	$ 9.969 Millions	$ 5 Millions
Cronos Group Inc	2.09	$ 35.183 Millions	$ 17 Millions
Cbdmd Inc	2.07	$ 8.049 Millions	$ 4 Millions
Blue Star Foods Corp	2.06	$ 4.887 Millions	$ 2 Millions
Smart For Life Inc	2.04	$ 3.310 Millions	$ 2 Millions
Pyxus International Inc	1.92	$ 1,720.000 Millions	$ 898 Millions
China Green Agriculture Inc	1.91	$ 78.886 Millions	$ 41 Millions
Cyanotech Corp	1.86	$ 17.000 Millions	$ 9 Millions

Date modified: 2024-09-02T07:07:38+00:00

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