WFTSF (Wavefront Technology Solutions) Inventory Turnover: 0.55 (As of May. 2022)

What is Wavefront Technology Solutions Inventory Turnover?

Wavefront Technology Solutions WFTSF -99.00% 12 Inventory Turnover is 0.55 as of May. 2022. GuruFocus rates WFTSF with a GF Score™ of 12/100.

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. Wavefront Technology Solutions's Cost of Goods Sold for the three months ended in May. 2022 was $0.07 Mil. Wavefront Technology Solutions's Average Total Inventories for the quarter that ended in May. 2022 was $0.12 Mil. Wavefront Technology Solutions's Inventory Turnover for the quarter that ended in May. 2022 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wavefront Technology Solutions's Days Inventory for the three months ended in May. 2022 was 165.65.

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. Wavefront Technology Solutions's Inventory-to-Revenue for the quarter that ended in May. 2022 was 0.33.

Wavefront Technology Solutions (OTCPK:WFTSF) 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.

Wavefront Technology Solutions's Days Inventory for the three months ended in May. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2022 )	/	Cost of Goods Sold (Q: May. 2022 )	*	Days in Period
	=	0.118	/	0.065	*	365 / 4
	=	165.65

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.

Wavefront Technology Solutions's Inventory to Revenue for the quarter that ended in May. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2022 )	/	Revenue (Q: May. 2022 )
	=	0.118	/	0.359
	=	0.33

* 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.

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.

Wavefront Technology Solutions Inventory Turnover Related Terms

Wavefront Technology Solutions Inventory Turnover Historical Data

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The historical data trend for Wavefront Technology Solutions's Inventory Turnover can be seen below:

Wavefront Technology Solutions Inventory Turnover Chart

Wavefront Technology Solutions Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Inventory Turnover

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3.92

4.54

5.27

1.20

1.09

Wavefront Technology Solutions Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Inventory Turnover	Get a 7-Day Free Trial															0.20	0.46	0.44	0.38	0.55

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Wavefront Technology Solutions Inventory Turnover Calculation

Wavefront Technology Solutions's Inventory Turnover for the fiscal year that ended in Aug. 2021 is calculated as

	Inventory Turnover (A: Aug. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2021 )	/ (	(Total Inventories (A: Aug. 2020 )	+	Total Inventories (A: Aug. 2021 ))	/	count )
=	0.06	/ (	(0.069	+	0.041)	/	2 )
=	0.06	/	0.055
=	1.09

Wavefront Technology Solutions's Inventory Turnover for the quarter that ended in May. 2022 is calculated as

	Inventory Turnover (Q: May. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2022 )	/ (	(Total Inventories (Q: Feb. 2022 )	+	Total Inventories (Q: May. 2022 ))	/	count )
=	0.065	/ (	(0.105	+	0.131)	/	2 )
=	0.065	/	0.118
=	0.55

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.55 mean?

Wavefront Technology Solutions (WFTSF) has a Inventory Turnover of 0.55 as of May. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Wavefront Technology Solutions and its competitors.

Is Wavefront Technology Solutions' Inventory Turnover too high?

Wavefront Technology Solutions' current Inventory Turnover is 0.55. Overall, Wavefront Technology Solutions has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Wavefront Technology Solutions' Inventory Turnover compare to VYEY and ENSV?

Wavefront Technology Solutions' Inventory Turnover of 0.55 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for an Oil & Gas company?

A good Inventory Turnover depends on the Oil & Gas industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Wavefront Technology Solutions and its competitors. Wavefront Technology Solutions's current Inventory Turnover is 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Wavefront Technology Solutions stock overvalued right now?

Wavefront Technology Solutions (WFTSF) has a current Inventory Turnover of 0.55. The current Inventory Turnover is 0.55. Wavefront Technology Solutions' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Wavefront Technology Solutions (WFTSF), the current Inventory Turnover is 0.55 as of May. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Wavefront Technology Solutions Business Description

Industry Energy Oil & Gas

Comparable Companies VYEY ENSV GWTI SMGI KLNG GNOLF RCON QSEP SLB BKR HAL MIL:TEN SHSE:601808 FTI NOV ASX:WOR CHX SHSE:600968 VAL WFRD

Address 5621 70 Street NW, Edmonton, AB, CAN, T6B 3P6

Website https://www.onthewavefront.com

Wavefront Technology Solutions Inc is a technology-based oil field service provider that offers the oil and gas industry proprietary, technology for oil and gas well stimulation and applications related to IOR/EOR recovery.

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