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

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What is Clearford Water Systems 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. 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 Inventory Turnover Historical Data

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.

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Clearford Water Systems Inventory Turnover Chart

Clearford Water Systems Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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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															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

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

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

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Clearford Water Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Clearford Water Systems Inc (OTCPK:CLIRF) » Definitions » Inventory Turnover

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Address

515 Legget Drive, Suite 100, Ottawa, ON, CAN, K2K 3G4

Website

https://www.clearford.com

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.

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