Enerflex (TSX:EFX) Inventory Turnover : 1.43 (As of Dec. 2024)

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What is Enerflex 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. Enerflex's Cost of Goods Sold for the three months ended in Dec. 2024 was C$600 Mil. Enerflex's Average Total Inventories for the quarter that ended in Dec. 2024 was C$420 Mil. Enerflex's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enerflex's Days Inventory for the three months ended in Dec. 2024 was 63.90.

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. Enerflex's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.53.

Enerflex Inventory Turnover Historical Data

The historical data trend for Enerflex'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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Enerflex Inventory Turnover Chart

Enerflex Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.81

3.60

4.68

6.27

6.70

Enerflex Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.51	1.86	1.60	1.49	1.43

Enerflex Inventory Turnover Calculation

Enerflex's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	2721.177	/ (	(394.43	+	417.437)	/	2 )
=	2721.177	/	405.9335
=	6.70

Enerflex's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	599.799	/ (	(422.635	+	417.437)	/	2 )
=	599.799	/	420.036
=	1.43

Enerflex (TSX:EFX) 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.

Enerflex's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	420.036	/	599.799	*	365 / 4
	=	63.90

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.

Enerflex's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	420.036	/	799.257
	=	0.53

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.

Enerflex Inventory Turnover Related Terms

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Enerflex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enerflex Ltd (TSX:EFX) » Definitions » Inventory Turnover

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EFXT:USA 7EX:Germany

Address

1331 MacLeod Trail SE, Suite 904, Calgary, AB, CAN, T2G 0K3

Website

https://www.enerflex.com

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities to process and move natural gas from the wellhead to the pipeline. The company's focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: North America, Latin America, and the Eastern Hemisphere. Each regional business segment has three main product lines: Engineered Systems, Aftermarket Services, and Energy Infrastructure. The North American segment earns the majority of the revenue.

Executives

Kevin Jerome Reinhart	Director
Juan Carlos Villegas	Director
Joseph Paul John Ladouceur	Senior Officer
Joanne Linette Cox	Director
Marc Edward Rossiter	Senior Officer
Robert Gary Mitchell	Senior Officer
Gurpreet (preet) Singh Dhindsa	Senior Officer
Philip Antoni John Pyle	Senior Officer
Helmuth Ernest Witulski	Senior Officer
Mona Hale	Director
David Hamilton Izett	Senior Officer
Sanjay Bishnoi	Senior Officer
Gregory Dean Stewart	Senior Officer
Michael Weill	Director
John Blair Goertzen	Director, Senior Officer