Where Food Comes From (Where Food Comes From) Change In Inventory : $-0.15 Mil (TTM As of Mar. 2024)

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What is Where Food Comes From Change In Inventory?

Where Food Comes From's change in inventory for the quarter that ended in Mar. 2024 was $-0.01 Mil. It means Where Food Comes From's inventory increased by $0.01 Mil from Dec. 2023 to Mar. 2024 .

Where Food Comes From's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.22 Mil. It means Where Food Comes From's inventory increased by $0.22 Mil from Dec. 2022 to Dec. 2023 .

Where Food Comes From's Total Inventories for the quarter that ended in Mar. 2024 was $1.12 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Where Food Comes From's Days Inventory for the quarter that ended in Mar. 2024 was 31.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Where Food Comes From's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.92.

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. Where Food Comes From's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.20.

Where Food Comes From Change In Inventory Historical Data

The historical data trend for Where Food Comes From's Change In Inventory 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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Where Food Comes From Change In Inventory Chart

Where Food Comes From Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.77

-0.12

-0.22

Where Food Comes From Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.08	-0.23	0.08	0.01	-0.01

Where Food Comes From Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.15 Mil.

Where Food Comes From (NAS:WFCF) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Where Food Comes From's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.114	/	3.253	*	365 / 4
	=	31.25

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Where Food Comes From's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.253	/	1.114
	=	2.92

3. 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.

Where Food Comes From's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.114	/	5.582
	=	0.20

Where Food Comes From Change In Inventory Related Terms

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Where Food Comes From (Where Food Comes From) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Where Food Comes From Inc (NAS:WFCF) » Definitions » Change In Inventory

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Address

202 6th Street, Suite 400, Castle Rock, CO, USA, 80104

Website

https://www.wherefoodcomesfrom.com

Where Food Comes From Inc is a third-party food verification company. It offers food production audits and uses verification processes to ensure that claims made by food producers and processors are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations and restaurants with a wide variety of value-added services provided through its family of verifiers, including IMI Global, International Certification Services, Validus Verification Services, and others. The company operates in two segments that are verification and certification and Software Sales and Related Consulting.

Executives

Dannette Henning	officer: CFO	221 WILCOX STREET, SUITE A, CASTLE ROCK CO 80104
Pete Lapaseotes	director	221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Graeme P. Rein	director	221 WILCOX ST, SUITE A, CASTLE ROCK CO 80104
Michael Duane Smith	director, 10 percent owner	221 WILCOX ST, SUITE A, CASTLE ROCK CO 80104
John K Saunders	director, officer: CEO	221 WILCOX STREET #A, CASTLE ROCK CO 80104
Leann Saunders	director, officer: President	221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Tom Heinen	director	221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Gary Chester Smith	director	221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Adam Larson	director	221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Robert Vanschoick	director	221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104