CLIRF (Clearford Water Systems) Inventory Turnover: 4.49 (As of Sep. 2021)


What is Clearford Water Systems Inventory Turnover?

Clearford Water Systems CLIRF Inventory Turnover is 4.49 as of Sep. 2021.

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. Clearford Water Systems's Cost of Goods Sold for the three months ended in Sep. 2021 was $2.58 Mil. Clearford Water Systems's Average Total Inventories for the quarter that ended in Sep. 2021 was $0.57 Mil. Clearford Water Systems's Inventory Turnover for the quarter that ended in Sep. 2021 was 4.49.

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 three months ended in Sep. 2021 was 20.33.

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 quarter that ended in Sep. 2021 was 0.16.

Clearford Water Systems  (OTCPK:CLIRF) 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.

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

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

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 quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2021 ) / Revenue (Q: Sep. 2021 )
=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

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.

Clearford Water Systems Inventory Turnover Related Terms

Clearford Water Systems Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Clearford Water Systems'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.

Clearford Water Systems Inventory Turnover Chart

Clearford Water Systems Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.37 5.79 9.09 12.69 15.01

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
Inventory Turnover 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 4.55 4.74 4.57 4.10 4.49

Clearford Water Systems Inventory Turnover Calculation

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

Inventory Turnover (A: Dec. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2020 ) / ((Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count )
=7.608 / ((0.526 + 0.488) / 2 )
=7.608 / 0.507
=15.01

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

Inventory Turnover (Q: Sep. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2021 ) / ((Total Inventories (Q: Jun. 2021 ) + Total Inventories (Q: Sep. 2021 )) / count )
=2.578 / ((0.6 + 0.549) / 2 )
=2.578 / 0.5745
=4.49

* 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 Inventory Turnover →
What does a Inventory Turnover of 4.49 mean?
Clearford Water Systems (CLIRF) has a Inventory Turnover of 4.49 as of Sep. 2021. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Clearford Water Systems and its competitors.
Is Clearford Water Systems' Inventory Turnover too high?
Clearford Water Systems' current Inventory Turnover is 4.49.
How does Clearford Water Systems' Inventory Turnover compare to WM and RSG?
Clearford Water Systems' Inventory Turnover of 4.49 can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Waste Management company?
A good Inventory Turnover depends on the Waste Management industry context. However, Inventory Turnover 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 Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Clearford Water Systems and its competitors. Clearford Water Systems's current Inventory Turnover is 4.49. 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 Inventory Turnover of 4.49. The current Inventory Turnover is 4.49. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Clearford Water Systems (CLIRF), the current Inventory Turnover is 4.49 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.