Clearwater Paper (STU:5WC) Inventory Turnover : 1.30 (As of Mar. 2024)

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What is Clearwater Paper 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 Paper's Cost of Goods Sold for the three months ended in Mar. 2024 was €388 Mil. Clearwater Paper's Average Total Inventories for the quarter that ended in Mar. 2024 was €297 Mil. Clearwater Paper's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clearwater Paper's Days Inventory for the three months ended in Mar. 2024 was 69.97.

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 Paper's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.65.

Clearwater Paper Inventory Turnover Historical Data

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

Clearwater Paper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.90

5.51

6.09

6.24

5.36

Clearwater Paper 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															1.33	1.27	1.28	1.32	1.30

Clearwater Paper Inventory Turnover Calculation

Clearwater Paper'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 )
=	1606.584	/ (	(305.856	+	293.257)	/	2 )
=	1606.584	/	299.5565
=	5.36

Clearwater Paper'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 )
=	387.872	/ (	(293.257	+	301.576)	/	2 )
=	387.872	/	297.4165
=	1.30

Clearwater Paper (STU:5WC) 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 Paper'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
	=	297.4165	/	387.872	*	365 / 4
	=	69.97

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 Paper'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 )
	=	297.4165	/	456.504
	=	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 Paper Inventory Turnover Related Terms

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Clearwater Paper (STU:5WC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Clearwater Paper Corp (STU:5WC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CLW:USA

Address

601 West Riverside, Suite 1100, Spokane, WA, USA, 99201

Website

https://www.clearwaterpaper.com

Clearwater Paper Corp is engaged in the manufacturing and selling of private label tissue, paperboard, and pulp-based products. The company has two reportable segments namely the consumer products segment which manufactures and sells a complete line of at-home tissue products as well as AFH products. The pulp and paperboard segment manufactures and markets bleached paperboard for the high-end segment of the packaging industry as well as offers services that include custom sheeting, slitting and cutting of paperboard. It generates maximum revenue from Pulp and Paperboard segment. Geographically, it derives maximum revenue from the United States.

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