Canaf Investments (TSXV:CAF) Inventory Turnover : 5.34 (As of Jan. 2024)

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What is Canaf Investments 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. Canaf Investments's Cost of Goods Sold for the three months ended in Jan. 2024 was C$8.92 Mil. Canaf Investments's Average Total Inventories for the quarter that ended in Jan. 2024 was C$1.67 Mil. Canaf Investments's Inventory Turnover for the quarter that ended in Jan. 2024 was 5.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canaf Investments's Days Inventory for the three months ended in Jan. 2024 was 17.08.

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. Canaf Investments's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.17.

Canaf Investments Inventory Turnover Historical Data

The historical data trend for Canaf Investments'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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Canaf Investments Inventory Turnover Chart

Canaf Investments Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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14.47

22.53

21.91

17.36

19.26

Canaf Investments Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															5.56	6.10	6.17	6.68	5.34

Canaf Investments Inventory Turnover Calculation

Canaf Investments's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	28.381	/ (	(1.414	+	1.533)	/	2 )
=	28.381	/	1.4735
=	19.26

Canaf Investments's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	8.924	/ (	(1.533	+	1.808)	/	2 )
=	8.924	/	1.6705
=	5.34

Canaf Investments (TSXV:CAF) 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.

Canaf Investments's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	1.6705	/	8.924	*	365 / 4
	=	17.08

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.

Canaf Investments's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	1.6705	/	9.616
	=	0.17

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.

Canaf Investments Inventory Turnover Related Terms

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Canaf Investments (TSXV:CAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Canaf Investments Inc (TSXV:CAF) » Definitions » Inventory Turnover

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CAFZF:USA

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.canafinvestments.com

Canaf Investments Inc is a Canadian company that owns and operates a coal processing plant in South Africa that processes coal and coal products into calcine, a coke substitute with high carbon content. The company, through its subsidiaries, produces calcined anthracite used in the manufacturing process of steel and manganese. The company operates in two reportable segments are Canada and South Africa, out of which the majority of revenue comes from South Africa.

Executives

Monita Faris

Director