Conifex Timber (TSX:CFF) Inventory Turnover : 1.58 (As of Mar. 2024)

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What is Conifex Timber 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. Conifex Timber's Cost of Goods Sold for the three months ended in Mar. 2024 was C$38.5 Mil. Conifex Timber's Average Total Inventories for the quarter that ended in Mar. 2024 was C$24.3 Mil. Conifex Timber's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Conifex Timber's Days Inventory for the three months ended in Mar. 2024 was 57.67.

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. Conifex Timber's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.60.

Conifex Timber Inventory Turnover Historical Data

The historical data trend for Conifex Timber'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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Conifex Timber Inventory Turnover Chart

Conifex Timber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.84

7.11

6.68

3.70

4.07

Conifex Timber Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.87	0.73	1.25	1.31	1.58

Conifex Timber Inventory Turnover Calculation

Conifex Timber's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	146.982	/ (	(49.218	+	22.989)	/	2 )
=	146.982	/	36.1035
=	4.07

Conifex Timber's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	38.478	/ (	(22.989	+	25.651)	/	2 )
=	38.478	/	24.32
=	1.58

Conifex Timber (TSX:CFF) 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.

Conifex Timber's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	24.32	/	38.478	*	365 / 4
	=	57.67

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.

Conifex Timber's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	24.32	/	40.76
	=	0.60

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.

Conifex Timber Inventory Turnover Related Terms

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Conifex Timber (TSX:CFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Conifex Timber Inc (TSX:CFF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CFXTF:USA 5CA:Germany

Address

980-700 West Georgia Street, Vancouver, BC, CAN, V7Y 1B6

Website

https://www.conifex.com

Conifex Timber Inc is a Canada-based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm's primary activities in the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company's harvesting and manufacturing operations. The firm's main activities areas are the United States, Chinese, Canadian and Japanese markets. The revenues are generated from lumber in the United States of America.

Executives

John Michael Costello

Director

Conifex Timber (TSX:CFF) Headlines

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