Bill Com Holdings Inc (BILL)
Inventory turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,063,890 | 1,039,610 | 738,959 | 267,347 | 142,650 |
| Inventory | US$ in thousands | -65,003 | 3,355,910 | -256,392 | -155,211 | -6,549 |
| Inventory turnover | — | 0.31 | — | — | — |
June 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,063,890K ÷ $-65,003K
= —
Based on the provided data, the inventory turnover ratio for Bill Com Holdings Inc was not applicable for the fiscal years ending June 30, 2020, June 30, 2021, and June 30, 2022. However, it was 0.31 for the year ending June 30, 2023, indicating that the company took approximately 0.31 years, or around 113 days, to sell its entire inventory during that period.
A low inventory turnover ratio may suggest that the company is holding onto excess or obsolete inventory, leading to potential liquidity and profitability issues. It could also indicate inefficiencies in managing inventory levels or difficulties in forecasting demand accurately.
Further analysis and comparison with industry benchmarks or historical data would be beneficial to understand the trends and potential implications of the inventory turnover ratio for Bill Com Holdings Inc.
Peer comparison
Jun 30, 2024