Current Water Technologies (Current Water Technologies) Inventory Turnover : 1.10 (As of Dec. 2023)

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What is Current Water Technologies 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. Current Water Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.31 Mil. Current Water Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.28 Mil. Current Water Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Current Water Technologies's Days Inventory for the three months ended in Dec. 2023 was 82.91.

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.

Current Water Technologies Inventory Turnover Historical Data

The historical data trend for Current Water Technologies'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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Current Water Technologies Inventory Turnover Chart

Current Water Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.77

2.02

3.74

4.68

4.37

Current Water Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.34	0.95	0.86	1.93	1.10

Current Water Technologies Inventory Turnover Calculation

Current Water Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1.268	/ (	(0.338	+	0.242)	/	2 )
=	1.268	/	0.29
=	4.37

Current Water Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.312	/ (	(0.325	+	0.242)	/	2 )
=	0.312	/	0.2835
=	1.10

Current Water Technologies (OTCPK:ENPRF) 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.

Current Water Technologies's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.2835	/	0.312	*	365 / 4
	=	82.91

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.

Current Water Technologies's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.2835	/	-0.395
	=

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.

Current Water Technologies Inventory Turnover Related Terms

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Current Water Technologies (Current Water Technologies) Business Description

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WATR:Canada

Address

70 Southgate Drive, Unit 4, Guelph, ON, CAN, N1G 4P5

Website

https://www.currentwatertechnologies.com

Current Water Technologies Inc is engaged in the development of environmental technologies. The company offers advanced technology for the treatment of industrial and municipal wastewater and drinking water resources. It offers technology such as electro-static deionization and the treatment of total ammonia (AmmEL). Electro-static deionization is a capacitive deionization technology for the removal of total dissolved solids, whereas AmmEL is an ammonia removal technology to treat ammonia contaminated water. It operates through the following segments: The current Water segment and the Pumptronics segment. The firm generates the majority of revenue from the Pumptronics segment which develops hydraulic fluid systems to move water and other liquids.