Canfor Pulp Products (TSX:CFX) Inventory Turnover : 1.17 (As of Mar. 2024)

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What is Canfor Pulp Products 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. Canfor Pulp Products's Cost of Goods Sold for the three months ended in Mar. 2024 was C$186.8 Mil. Canfor Pulp Products's Average Total Inventories for the quarter that ended in Mar. 2024 was C$160.3 Mil. Canfor Pulp Products's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canfor Pulp Products's Days Inventory for the three months ended in Mar. 2024 was 78.31.

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. Canfor Pulp Products's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.72.

Canfor Pulp Products Inventory Turnover Historical Data

The historical data trend for Canfor Pulp Products'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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Canfor Pulp Products Inventory Turnover Chart

Canfor Pulp Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.28

4.21

4.31

4.39

4.44

Canfor Pulp Products 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															1.05	1.25	1.20	1.03	1.17

Canfor Pulp Products Inventory Turnover Calculation

Canfor Pulp Products'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 )
=	774.5	/ (	(183.2	+	165.9)	/	2 )
=	774.5	/	174.55
=	4.44

Canfor Pulp Products'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 )
=	186.8	/ (	(165.9	+	154.7)	/	2 )
=	186.8	/	160.3
=	1.17

Canfor Pulp Products (TSX:CFX) 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.

Canfor Pulp Products'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
	=	160.3	/	186.8	*	365 / 4
	=	78.31

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.

Canfor Pulp Products'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 )
	=	160.3	/	222.3
	=	0.72

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.

Canfor Pulp Products Inventory Turnover Related Terms

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Canfor Pulp Products (TSX:CFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Canfor Pulp Products Inc (TSX:CFX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CFPUF:USA 8CP:Germany

Address

100-1700 West 75th Avenue, Vancouver, BC, CAN, V6P 6G2

Website

https://www.canfor.com

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates Majority of the revenue. Canfor Pulp's NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Majority of Canfor Pulp's revenue comes from Asia. The majority of the company's shares are owned by Canfor Corporation.

Canfor Pulp Products (TSX:CFX) Headlines

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