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Clearwater Seafoods (Clearwater Seafoods) Days Inventory : 76.24 (As of Sep. 2020)


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What is Clearwater Seafoods Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Clearwater Seafoods's Average Total Inventories for the three months ended in Sep. 2020 was $65.8 Mil. Clearwater Seafoods's Cost of Goods Sold for the three months ended in Sep. 2020 was $78.8 Mil. Hence, Clearwater Seafoods's Days Inventory for the three months ended in Sep. 2020 was 76.24.

The historical rank and industry rank for Clearwater Seafoods's Days Inventory or its related term are showing as below:

CSEAF's Days Inventory is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 82.17
* Ranked among companies with meaningful Days Inventory only.

Clearwater Seafoods's Days Inventory declined from Sep. 2019 (78.68) to Sep. 2020 (76.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. Clearwater Seafoods's Inventory Turnover for the three months ended in Sep. 2020 was 1.20.

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. Clearwater Seafoods's Inventory-to-Revenue for the three months ended in Sep. 2020 was 0.65.


Clearwater Seafoods Days Inventory Historical Data

The historical data trend for Clearwater Seafoods's Days Inventory 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.

* Premium members only.

Clearwater Seafoods Days Inventory Chart

Clearwater Seafoods Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.15 60.61 59.66 57.66 52.21

Clearwater Seafoods Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 78.68 63.48 83.80 85.98 76.24

Competitive Comparison of Clearwater Seafoods's Days Inventory

For the Packaged Foods subindustry, Clearwater Seafoods's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Clearwater Seafoods's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Clearwater Seafoods's Days Inventory distribution charts can be found below:

* The bar in red indicates where Clearwater Seafoods's Days Inventory falls into.



Clearwater Seafoods Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Clearwater Seafoods's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

Days Inventory (A: Dec. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2018 ) + Total Inventories (A: Dec. 2019 )) / count ) / Cost of Goods Sold (A: Dec. 2019 )*Days in Period
=( (52.184 + 55.12) / 2 ) / 375.116*365
=53.652 / 375.116*365
=52.21

Clearwater Seafoods's Days Inventory for the quarter that ended in Sep. 2020 is calculated as:

Days Inventory (Q: Sep. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2020 ) + Total Inventories (Q: Sep. 2020 )) / count ) / Cost of Goods Sold (Q: Sep. 2020 )*Days in Period
=( (66.109 + 65.559) / 2 ) / 78.799*365 / 4
=65.834 / 78.799*365 / 4
=76.24

* 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.


Clearwater Seafoods  (GREY:CSEAF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Clearwater Seafoods's Inventory Turnover for the three months ended in Sep. 2020 is calculated as

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.

Clearwater Seafoods's Inventory to Revenue for the three months ended in Sep. 2020 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Clearwater Seafoods Days Inventory Related Terms

Thank you for viewing the detailed overview of Clearwater Seafoods's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Clearwater Seafoods (Clearwater Seafoods) Business Description

Traded in Other Exchanges
N/A
Address
757 Bedford Highway, Bedford, NS, CAN, B4A 3Z7
Clearwater Seafoods Inc is a distributor of shellfish and seafood with operations in Asia, North America, and Europe. Revenue is largely generated by the company's European branch. Clearwater Seafoods engages in the harvesting, processing, and marketing of seafood. The company obtains wild-caught seafood through its vessels located within Canada and Argentina. Products are segmented into scallops, lobster, clams, coldwater shrimp, crab, Langoustine and Groundfish, and other shellfish. The scallop segment contributes to the majority of Clearwater Seafoods' revenue.

Clearwater Seafoods (Clearwater Seafoods) Headlines