Headwater Exploration (TSX:HWX) Inventory Turnover : 78.40 (As of Dec. 2023)

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What is Headwater Exploration 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. Headwater Exploration's Cost of Goods Sold for the three months ended in Dec. 2023 was C$69.0 Mil. Headwater Exploration's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.9 Mil. Headwater Exploration's Inventory Turnover for the quarter that ended in Dec. 2023 was 78.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Headwater Exploration's Days Inventory for the three months ended in Dec. 2023 was 1.16.

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. Headwater Exploration's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Headwater Exploration Inventory Turnover Historical Data

The historical data trend for Headwater Exploration'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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Headwater Exploration Inventory Turnover Chart

Headwater Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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475.19

16.55

120.23

187.69

249.25

Headwater Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															45.20	60.71	102.70	86.26	78.40

Headwater Exploration Inventory Turnover Calculation

Headwater Exploration'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 )
=	253.11	/ (	(1.243	+	0.788)	/	2 )
=	253.11	/	1.0155
=	249.25

Headwater Exploration's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	68.994	/ (	(0.972	+	0.788)	/	2 )
=	68.994	/	0.88
=	78.40

Headwater Exploration (TSX:HWX) 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.

Headwater Exploration's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.88	/	68.994	*	365 / 4
	=	1.16

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.

Headwater Exploration's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.88	/	138.426
	=	0.01

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.

Headwater Exploration Inventory Turnover Related Terms

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Headwater Exploration (TSX:HWX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Headwater Exploration Inc (TSX:HWX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CDDRF:USA C6V:Germany

Address

500 - 4th Avenue S.W, Suite 1200, Calgary, AB, CAN, T2P 2V6

Website

https://www.headwaterexp.com

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.

Executives

Stephen Phillip Larke

Director

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