WFTSF (Wavefront Technology Solutions) Change In Inventory: $-0.08 Mil (TTM As of May. 2022)

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WFTSF Wavefront Technology Solutions Inc WFTSF
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What is Wavefront Technology Solutions Change In Inventory?

Wavefront Technology Solutions WFTSF -99.00% 12 Change In Inventory is $-0.08 Mil as of May. 2022. GuruFocus rates WFTSF with a GF Score™ of 12/100.

Wavefront Technology Solutions's change in inventory for the quarter that ended in May. 2022 was $-0.03 Mil. It means Wavefront Technology Solutions's inventory increased by $0.03 Mil from Feb. 2022 to May. 2022 .

Wavefront Technology Solutions's change in inventory for the fiscal year that ended in Aug. 2021 was $0.03 Mil. It means Wavefront Technology Solutions's inventory declined by $0.03 Mil from Aug. 2020 to Aug. 2021 .

Wavefront Technology Solutions's Total Inventories for the quarter that ended in May. 2022 was $0.13 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wavefront Technology Solutions's Days Inventory for the quarter that ended in May. 2022 was 165.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wavefront Technology Solutions's Inventory Turnover for the quarter that ended in May. 2022 was 0.55.

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. Wavefront Technology Solutions's Inventory-to-Revenue for the quarter that ended in May. 2022 was 0.33.

Wavefront Technology Solutions  (OTCPK:WFTSF) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Wavefront Technology Solutions's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.118/0.065*365 / 4
=165.65

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Wavefront Technology Solutions's Inventory Turnover for the quarter that ended in May. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.065 / 0.118
=0.55

3. 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.

Wavefront Technology Solutions's Inventory to Revenue for the quarter that ended in May. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.118 / 0.359
=0.33

* 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.

Wavefront Technology Solutions Change In Inventory Related Terms

Wavefront Technology Solutions Change In Inventory Historical Data

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The historical data trend for Wavefront Technology Solutions's Change In 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.

Wavefront Technology Solutions Change In Inventory Chart

Wavefront Technology Solutions Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 -0.01 -0.02 0.00 0.03

Wavefront Technology Solutions Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.00 -0.07 -0.03
WFTSF
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Wavefront Technology Solutions Inc WFTSF
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Wavefront Technology Solutions Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.08 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-0.08 Mil mean?
Wavefront Technology Solutions (WFTSF) has a Change In Inventory of $-0.08 Mil as of May. 2022. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Wavefront Technology Solutions and its competitors.
Is Wavefront Technology Solutions' Change In Inventory too high?
Wavefront Technology Solutions' current Change In Inventory is $-0.08 Mil. Overall, Wavefront Technology Solutions has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Wavefront Technology Solutions' Change In Inventory compare to VYEY and ENSV?
Wavefront Technology Solutions' Change In Inventory of $-0.08 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for an Oil & Gas company?
A good Change In Inventory depends on the Oil & Gas industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Wavefront Technology Solutions and its competitors. Wavefront Technology Solutions's current Change In Inventory is $-0.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wavefront Technology Solutions stock overvalued right now?
Wavefront Technology Solutions (WFTSF) has a current Change In Inventory of $-0.08 Mil. The current Change In Inventory is $-0.08 Mil. Wavefront Technology Solutions' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Wavefront Technology Solutions (WFTSF), the current Change In Inventory is $-0.08 Mil as of May. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Wavefront Technology Solutions Business Description

Industry EnergyOil & Gas
Address 5621 70 Street NW, Edmonton, AB, CAN, T6B 3P6
Wavefront Technology Solutions Inc is a technology-based oil field service provider that offers the oil and gas industry proprietary, technology for oil and gas well stimulation and applications related to IOR/EOR recovery.
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