Wajax (TSX:WJX) Inventory Turnover : 0.67 (As of Mar. 2025)

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What is Wajax 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. Wajax's Cost of Goods Sold for the three months ended in Mar. 2025 was C$449 Mil. Wajax's Average Total Inventories for the quarter that ended in Mar. 2025 was C$666 Mil. Wajax's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wajax's Days Inventory for the three months ended in Mar. 2025 was 135.29.

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. Wajax's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 1.20.

Wajax Inventory Turnover Historical Data

The historical data trend for Wajax'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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Wajax Inventory Turnover Chart

Wajax Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.01

3.50

3.70

3.12

2.58

Wajax Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															0.55	0.61	0.54	0.67	0.67

Wajax Inventory Turnover Calculation

Wajax's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	1683.811	/ (	(630.931	+	673.076)	/	2 )
=	1683.811	/	652.0035
=	2.58

Wajax's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	448.9	/ (	(673.076	+	658.069)	/	2 )
=	448.9	/	665.5725
=	0.67

Wajax (TSX:WJX) 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.

Wajax's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	665.5725	/	448.9	*	365 / 4
	=	135.29

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.

Wajax's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	665.5725	/	554.984
	=	1.20

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.

Wajax Inventory Turnover Related Terms

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Wajax Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Wajax Corp (TSX:WJX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

WJXFF:USA 5WJ:Germany

Address

10 Diesel Drive, Toronto, ON, CAN, M8W 2T8

Website

https://www.wajax.com

Wajax Corp operates an integrated distribution system, providing sales, parts and services to a broad range of customers in diversified sectors of the Canadian economy, including: construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas.

Executives

Andrew Tam	Senior Officer
Stuart Harrison Auld	Senior Officer
David Glenson Smith	Director
Elizabeth Summers	Director
Edward Malcolm Barrett	Director
Jane Craighead	Director
Robert Charles Beaudry	Senior Officer
John Clifford Eby	Director
Thomas Malcolm Alford	Director
Trevor Carson	Senior Officer
Alexander S. Taylor	Director
Robert P. Dexter	Director
Alan Mark Foote	Director
Sylvia Dolores Chrominska	Director
Donna Jean Baratto	Senior Officer

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