WestBond Enterprises (TSXV:WBE) Inventory Turnover : 1.03 (As of Dec. 2024)

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What is WestBond Enterprises 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. WestBond Enterprises's Cost of Goods Sold for the three months ended in Dec. 2024 was C$2.08 Mil. WestBond Enterprises's Average Total Inventories for the quarter that ended in Dec. 2024 was C$2.02 Mil. WestBond Enterprises's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WestBond Enterprises's Days Inventory for the three months ended in Dec. 2024 was 88.64.

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. WestBond Enterprises's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.88.

WestBond Enterprises Inventory Turnover Historical Data

The historical data trend for WestBond Enterprises'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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WestBond Enterprises Inventory Turnover Chart

WestBond Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.08

5.71

4.64

4.90

4.26

WestBond Enterprises 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															0.97	0.84	0.95	1.11	1.03

WestBond Enterprises Inventory Turnover Calculation

WestBond Enterprises's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	8.417	/ (	(1.81	+	2.139)	/	2 )
=	8.417	/	1.9745
=	4.26

WestBond Enterprises'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 )
=	2.083	/ (	(1.807	+	2.24)	/	2 )
=	2.083	/	2.0235
=	1.03

WestBond Enterprises (TSXV:WBE) 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.

WestBond Enterprises'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
	=	2.0235	/	2.083	*	365 / 4
	=	88.64

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.

WestBond Enterprises'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 )
	=	2.0235	/	2.306
	=	0.88

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.

WestBond Enterprises Inventory Turnover Related Terms

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WestBond Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » WestBond Enterprises Corp (TSXV:WBE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

7403 Progress Way, Unit 101, Delta, BC, CAN, V4G 1E7

Website

https://www.westbond.ca

WestBond Enterprises Corp is mainly engaged in manufacturing and selling disposable paper products for medical, hygienic, and industrial uses. The company operates in a single segment of Disposable Paper Products. Its products are categorized under Personal hygiene, Clinical, Wipes, Non-Wipe air-laid, and Other products. The company's product pipeline includes examination table paper, dental bibs, sheets, pillowcases, gowns, aprons, Jumbo Roll Bathroom Tissue, Conventional Bathroom Tissue, Towels such as Center Pull, Kraft Roll, and Single Fold, Roll Air Laid Wipes, among others.

Executives

Peter Robert Toigo	Director
John Douglas Seppala	Director

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