Clearwater Seafoods (Clearwater Seafoods) Inventory Turnover : 1.20 (As of Sep. 2020)

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What is Clearwater Seafoods 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. Clearwater Seafoods's Cost of Goods Sold for the three months ended in Sep. 2020 was $78.8 Mil. Clearwater Seafoods's Average Total Inventories for the quarter that ended in Sep. 2020 was $65.8 Mil. Clearwater Seafoods's Inventory Turnover for the quarter that ended in Sep. 2020 was 1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clearwater Seafoods's Days Inventory for the three months ended in Sep. 2020 was 76.24.

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. Clearwater Seafoods's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.65.

Clearwater Seafoods Inventory Turnover Historical Data

The historical data trend for Clearwater Seafoods'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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Clearwater Seafoods Inventory Turnover Chart

Clearwater Seafoods Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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6.62

6.02

6.12

6.33

6.99

Clearwater Seafoods Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Inventory Turnover	Get a 7-Day Free Trial															1.16	1.44	1.09	1.06	1.20

Clearwater Seafoods Inventory Turnover Calculation

Clearwater Seafoods's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	375.116	/ (	(52.184	+	55.12)	/	2 )
=	375.116	/	53.652
=	6.99

Clearwater Seafoods's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	78.799	/ (	(66.109	+	65.559)	/	2 )
=	78.799	/	65.834
=	1.20

Clearwater Seafoods (GREY:CSEAF) 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.

Clearwater Seafoods's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	65.834	/	78.799	*	365 / 4
	=	76.24

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.

Clearwater Seafoods's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	65.834	/	101.07
	=	0.65

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.

Clearwater Seafoods Inventory Turnover Related Terms

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Clearwater Seafoods (Clearwater Seafoods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Clearwater Seafoods Inc (GREY:CSEAF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

757 Bedford Highway, Bedford, NS, CAN, B4A 3Z7

Website

https://www.clearwater.ca

Clearwater Seafoods Inc is a distributor of shellfish and seafood with operations in Asia, North America, and Europe. Revenue is largely generated by the company's European branch. Clearwater Seafoods engages in the harvesting, processing, and marketing of seafood. The company obtains wild-caught seafood through its vessels located within Canada and Argentina. Products are segmented into scallops, lobster, clams, coldwater shrimp, crab, Langoustine and Groundfish, and other shellfish. The scallop segment contributes to the majority of Clearwater Seafoods' revenue.

Clearwater Seafoods (Clearwater Seafoods) Headlines

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