CECO Environmental (FRA:WCE) Inventory Turnover : 2.26 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is CECO Environmental 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. CECO Environmental's Cost of Goods Sold for the three months ended in Mar. 2024 was €74.7 Mil. CECO Environmental's Average Total Inventories for the quarter that ended in Mar. 2024 was €33.1 Mil. CECO Environmental's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CECO Environmental's Days Inventory for the three months ended in Mar. 2024 was 40.46.

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. CECO Environmental's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

CECO Environmental Inventory Turnover Historical Data

The historical data trend for CECO Environmental'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.

* Premium members only.

CECO Environmental Inventory Turnover Chart

CECO Environmental Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

11.14

10.58

13.46

13.85

12.18

CECO Environmental Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.72	2.86	3.07	2.76	2.26

CECO Environmental Inventory Turnover Calculation

CECO Environmental'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 )
=	342.801	/ (	(25.041	+	31.26)	/	2 )
=	342.801	/	28.1505
=	12.18

CECO Environmental's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	74.704	/ (	(31.26	+	34.989)	/	2 )
=	74.704	/	33.1245
=	2.26

CECO Environmental (FRA:WCE) 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.

CECO Environmental's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	33.1245	/	74.704	*	365 / 4
	=	40.46

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.

CECO Environmental's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	33.1245	/	116.225
	=	0.29

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.

CECO Environmental Inventory Turnover Related Terms

Thank you for viewing the detailed overview of CECO Environmental's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

CECO Environmental (FRA:WCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CECO Environmental Corp (FRA:WCE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CECO:USA

Address

14651 North Dallas Parkway, Suite 500, Dallas, TX, USA, 75254

Website

https://www.cecoenviro.com

CECO Environmental Corp serves the energy, industrial, and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil and gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.

CECO Environmental (FRA:WCE) Headlines

No Headlines