Days Inventory is also known as Days Sales of Inventory (DSI). Conifex Timber's Average Total Inventories for the
three
months ended in Dec. 2023 was C$26.3 Mil. Conifex Timber's Cost of Goods Sold for the
three
months ended in Dec. 2023 was C$34.5 Mil.
Hence, Conifex Timber's Days Inventory for the
three
months ended in Dec. 2023 was 69.43.
The historical rank and industry rank for Conifex Timber's Days Inventory or its related term are showing as below:
TSX:CFF'
s Days Inventory Range Over the Past 10 Years
Min: 49.81 Med: 58.75 Max: 98.63
Current: 91.41
During the past 13 years, Conifex Timber's highest Days Inventory was 98.63. The lowest was 49.81. And the median was 58.75.
TSX:CFF's Days Inventory is ranked worse than 53.6% of 278
companies
in the Forest Products industry
Industry Median: 88.335
vs TSX:CFF: 91.41
Conifex Timber's Days Inventory
declined
from Dec. 2022 (147.76) to Dec. 2023 (69.43).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Conifex Timber's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.31.
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.
Conifex Timber's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.74.
Conifex Timber Days Inventory Historical Data
The historical data trend for Conifex Timber'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.
Competitive Comparison of Conifex Timber's Days Inventory
For the Lumber & Wood Production subindustry, Conifex Timber'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.
Conifex Timber's Days Inventory Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Conifex Timber's Days Inventory distribution charts can be found below:
* The bar in red indicates where Conifex Timber's Days Inventory falls into.
Conifex Timber Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Conifex Timber's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Conifex Timber (TSX:CFF) 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.
Conifex Timber's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Conifex Timber's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Conifex Timber Days Inventory Related Terms
Thank you for viewing the detailed overview of Conifex Timber's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Conifex Timber Inc is a Canada-based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm's primary activities in the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company's harvesting and manufacturing operations. The firm's main activities areas are the United States, Chinese, Canadian and Japanese markets. The revenues are generated from lumber in the United States of America.
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