Cielo Waste Solutions (Cielo Waste Solutions) Inventory Turnover : 0.00 (As of Jan. 2024)

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What is Cielo Waste Solutions 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. Cielo Waste Solutions's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.00 Mil. Cielo Waste Solutions's Average Total Inventories for the quarter that ended in Jan. 2024 was $0.10 Mil. Cielo Waste Solutions's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.00.

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

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.

Cielo Waste Solutions Inventory Turnover Historical Data

The historical data trend for Cielo Waste Solutions'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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Cielo Waste Solutions Inventory Turnover Chart

Cielo Waste Solutions Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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0.01

0.02

Cielo Waste Solutions Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Cielo Waste Solutions Inventory Turnover Calculation

Cielo Waste Solutions's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	0	/ (	(0.312	+	0.098)	/	2 )
=	0	/	0.205
=	0.00

Cielo Waste Solutions's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	0	/ (	(0.096	+	0.094)	/	2 )
=	0	/	0.095
=	0.00

Cielo Waste Solutions (OTCPK:CWSFF) 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.

Cielo Waste Solutions's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	0.095	/	0	*	365 / 4
	=

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.

Cielo Waste Solutions's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	0.095	/	0
	=

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.

Cielo Waste Solutions Inventory Turnover Related Terms

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Cielo Waste Solutions (Cielo Waste Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cielo Waste Solutions Corp (OTCPK:CWSFF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

C36:Germany CMC:Canada

Address

605 5th Avenue, S.W., Suite 1100, Calgary, AB, CAN, T2P 3H5

Website

https://www.cielows.com

Cielo Waste Solutions Corp is a Canada-based company principally engaged in the business of refining municipal and construction waste into high-grade renewable fuels. Its technologies are focused on materials recovery, renewable diesel, and landfill reduction through responsible diversion practices. The business operations of the company are carried out in Canada and the United States.