Wellfield Technologies (TSXV:WFLD) Inventory Turnover : 4.59 (As of Dec. 2024)

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What is Wellfield 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. Wellfield Technologies's Cost of Goods Sold for the three months ended in Dec. 2024 was C$0.09 Mil. Wellfield Technologies's Average Total Inventories for the quarter that ended in Dec. 2024 was C$0.02 Mil. Wellfield Technologies's Inventory Turnover for the quarter that ended in Dec. 2024 was 4.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wellfield Technologies's Days Inventory for the three months ended in Dec. 2024 was 19.86.

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. Wellfield Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.03.

Wellfield Technologies Inventory Turnover Historical Data

The historical data trend for Wellfield 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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Wellfield Technologies Inventory Turnover Chart

Wellfield Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Mar23

Mar24

Inventory Turnover

68.51

Wellfield Technologies Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial													11.98	10.36	6.33	8.00	4.59

Wellfield Technologies Inventory Turnover Calculation

Wellfield Technologies'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 )
=	48.881	/ (	(1.399	+	0.028)	/	2 )
=	48.881	/	0.7135
=	68.51

Wellfield Technologies'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 )
=	0.085	/ (	(0.014	+	0.023)	/	2 )
=	0.085	/	0.0185
=	4.59

Wellfield Technologies (TSXV:WFLD) 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.

Wellfield Technologies'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
	=	0.0185	/	0.085	*	365 / 4
	=	19.86

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.

Wellfield Technologies'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 )
	=	0.0185	/	0.544
	=	0.03

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.

Wellfield Technologies Inventory Turnover Related Terms

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Wellfield Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wellfield Technologies Inc (TSXV:WFLD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

WFLDF:USA K8D:Germany

Address

666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.wellfield.io

Wellfield Technologies Inc is engaged in decentralized finance (DeFi) by building open and accessible decentralized protocols and also blockchain-based consumer products. The company's brands include Seamless - the company's protocol layer and MoneyClip - the company's application layer brand. The company's brands include Coinmama, Wellfield Capital, and Wellfield Gold.

Executives

Levy Cohen	10% Security Holder, Director, Senior Officer
Kristina Heidi Bates	Director
Marc Lustig	10% Security Holder

Wellfield Technologies Headlines

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