CLIRF (Clearford Water Systems) Days Inventory: 20.33 (As of Sep. 2021)


What is Clearford Water Systems Days Inventory?

Clearford Water Systems CLIRF Days Inventory is 20.33 as of Sep. 2021.

Days Inventory is also known as Days Sales of Inventory (DSI). Clearford Water Systems's Average Total Inventories for the three months ended in Sep. 2021 was $0.57 Mil. Clearford Water Systems's Cost of Goods Sold for the three months ended in Sep. 2021 was $2.58 Mil. Hence, Clearford Water Systems's Days Inventory for the three months ended in Sep. 2021 was 20.33.

The historical rank and industry rank for Clearford Water Systems's Days Inventory or its related term are showing as below:

CLIRF's Days Inventory is not ranked *
in the Waste Management industry.
Industry Median: 28.49
* Ranked among companies with meaningful Days Inventory only.

Clearford Water Systems's Days Inventory increased from Sep. 2020 (20.06) to Sep. 2021 (20.33). It might indicate that Clearford Water Systems's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Clearford Water Systems's Inventory Turnover for the three months ended in Sep. 2021 was 4.49.

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. Clearford Water Systems's Inventory-to-Revenue for the three months ended in Sep. 2021 was 0.16.

Clearford Water Systems  (OTCPK:CLIRF) 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.

Clearford Water Systems's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=2.578 / 0.5745
=4.49

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.

Clearford Water Systems's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.5745 / 3.54
=0.16

* 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.

Clearford Water Systems Days Inventory Related Terms

Clearford Water Systems Days Inventory Historical Data

* Premium members only.

The historical data trend for Clearford Water Systems'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.

Clearford Water Systems Days Inventory Chart

Clearford Water Systems Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.34 62.99 40.16 28.76 24.32

Clearford Water Systems Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Days 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 20.06 19.27 19.98 22.26 20.33

CLIRF vs WM, RSG, WCN: Days Inventory Comparison

For the Waste Management subindustry, Clearford Water Systems'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.

Clearford Water Systems Days Inventory vs Waste Management Industry

For the Waste Management industry and Industrials sector, Clearford Water Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where Clearford Water Systems's Days Inventory falls into.


Clearford Water Systems Days Inventory Calculation

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

Clearford Water Systems's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

Days Inventory (A: Dec. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (0.526 + 0.488) / 2 ) / 7.608*365
=0.507 / 7.608*365
=24.32

Clearford Water Systems's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

Days Inventory (Q: Sep. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2021 ) + Total Inventories (Q: Sep. 2021 )) / count ) / Cost of Goods Sold (Q: Sep. 2021 )*Days in Period
=( (0.6 + 0.549) / 2 ) / 2.578*365 / 4
=0.5745 / 2.578*365 / 4
=20.33

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 20.33 mean?
Clearford Water Systems (CLIRF) has a Days Inventory of 20.33 as of Sep. 2021. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Clearford Water Systems and its competitors.
Is Clearford Water Systems' Days Inventory too high?
Clearford Water Systems' current Days Inventory is 20.33. The Waste Management industry median Days Inventory is 28.49. Clearford Water Systems' value of 20.33 is 28.6% below this industry median.
How does Clearford Water Systems' Days Inventory compare to WM and RSG?
Clearford Water Systems' Days Inventory of 20.33 can be compared against companies in the Waste Management industry. The industry median Days Inventory is 28.49. Clearford Water Systems' value of 20.33 is 28.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Waste Management company?
The median Days Inventory among Waste Management companies is 28.49, based on 215 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clearford Water Systems's current Days Inventory of 20.33 is 28.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Clearford Water Systems and its competitors. For the Waste Management industry, the median Days Inventory is 28.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearford Water Systems's current Days Inventory is 20.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearford Water Systems stock overvalued right now?
Clearford Water Systems (CLIRF) has a current Days Inventory of 20.33. The current Days Inventory is 20.33 and 28.6% below the Waste Management industry median of 28.49. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Clearford Water Systems (CLIRF), the current Days Inventory is 20.33 as of Sep. 2021. 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.

Clearford Water Systems Business Description

Address 515 Legget Drive, Suite 100, Ottawa, ON, CAN, K2K 3G4
Clearford Water Systems Inc provides unified water infrastructure solutions. The company is the developer of the Clearford One system, which is a combination of the company's ClearDigest Smart Digester, Small Bore Sewer (SBS) technology, a watertight small diameter wastewater collection system, SBS ClearConvey, and ClearRecover, a wastewater treatment facility-based on the processed influent. It operates through two segments namely Clearford One and UV Pure. The company generates revenue through a sale in various countries such as Canada, the United States of America, India, South America, and other countries. It derives maximum revenue from the Clearford One segment.