Western Forest Products (TSX:WEF) Change In Inventory : C$15.1 Mil (TTM As of Mar. 2024)

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What is Western Forest Products Change In Inventory?

Western Forest Products's change in inventory for the quarter that ended in Mar. 2024 was C$3.0 Mil. It means Western Forest Products's inventory declined by C$3.0 Mil from Dec. 2023 to Mar. 2024 .

Western Forest Products's change in inventory for the fiscal year that ended in Dec. 2023 was C$8.8 Mil. It means Western Forest Products's inventory declined by C$8.8 Mil from Dec. 2022 to Dec. 2023 .

Western Forest Products's Total Inventories for the quarter that ended in Mar. 2024 was C$210.6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Western Forest Products's Days Inventory for the quarter that ended in Mar. 2024 was 84.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Western Forest Products's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.08.

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. Western Forest Products's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.89.

Western Forest Products Change In Inventory Historical Data

The historical data trend for Western Forest Products'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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Western Forest Products Change In Inventory Chart

Western Forest Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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49.60

-45.90

-28.80

-12.80

8.80

Western Forest Products 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															-3.30	-1.00	18.90	-5.80	3.00

Western Forest Products 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 C$15.1 Mil.

Western Forest Products (TSX:WEF) Change In Inventory Explanation

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

Western Forest Products's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	212.05	/	229.4	*	365 / 4
	=	84.35

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

Western Forest Products's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	229.4	/	212.05
	=	1.08

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.

Western Forest Products's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	212.05	/	239.5
	=	0.89

Western Forest Products Change In Inventory Related Terms

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Western Forest Products (TSX:WEF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Western Forest Products Inc (TSX:WEF) » Definitions » Change In Inventory

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Traded in Other Exchanges

WFSTF:USA NWF:Germany

Address

1055 West Georgia Street, Suite 800, P.O. Box 11122, Royal Centre Building, Vancouver, BC, CAN, V6E 3P3

Website

https://www.westernforest.com

Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprises Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company's large markets and contribute the vast majority of its total revenue.

Executives

Glen Douglas Nontell

Senior Officer

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