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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. WEX's Cost of Goods Sold for the three months ended in Mar. 2024 was $267 Mil. WEX's Average Total Inventories for the quarter that ended in Mar. 2024 was $0 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WEX's Days Inventory for the three months ended in Mar. 2024 was 0.00.
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. WEX's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.
The historical data trend for WEX'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.
WEX Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
WEX Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
WEX's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Inventory Turnover (A: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2023 ) | / ( | (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) |
= | 973.3 | / ( | (0 | + | 0) | / | 1 ) |
= | 973.3 | / | 0 | ||||
= | N/A |
WEX's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover (Q: Mar. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Mar. 2024 ) | / ( | (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) |
= | 267.2 | / ( | (0 | + | 0) | / | 1 ) |
= | 267.2 | / | 0 | ||||
= | N/A |
* 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.
WEX (NYSE:WEX) 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.
WEX's Days Inventory for the three months ended in Mar. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2024 ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | 0 | / | 267.2 | * | 365 / 4 | |
= | 0.00 |
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.
WEX's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 0 | / | 652.7 | |
= | 0.00 |
* 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
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.
Thank you for viewing the detailed overview of WEX's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Jack Vanwoerkom | director | |
Jennifer Kimball | officer: Interim CFO | C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106 |
Stephen Montgomery Smith | director | C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106 |
Robert Joseph Deshaies | officer: President, WEX Health | C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106 |
Melanie J Tinto | officer: Chief Human Resources Officer | C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106 |
James R Groch | director | 50 SOUTH 16TH STREET, SUITE 3000, PHILADELPHIA PA 19102 |
Carlos Carriedo | officer: COO, International | C/0 WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106 |
Melissa D Goodwin | officer: SVP, Finance and CFO | C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106 |
Regina O Sommer | director | 201 JONES RD, WALTHAM MA 02451 |
David G Cooper | officer: Chief Technology Officer | C/O WEX INC., 9, SOUTH PORTLAND ME 04106 |
Hilary A Rapkin | officer: SVP, Gen. Counsel & Corp. Sec. | C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106 |
Derrick A. Roman | director | C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE, SE, HICKORY NC 28602 |
Jagtar Narula | officer: Chief Financial Officer | 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730 |
Karen B. Stroup | officer: Chief Digital Officer | 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202 |
Bhavana Bartholf | director | C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106 |
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