Major Drilling Group International (Major Drilling Group International) Change In Inventory : $0.0 Mil (TTM As of Oct. 2023)

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What is Major Drilling Group International Change In Inventory?

Major Drilling Group International's change in inventory for the quarter that ended in Oct. 2023 was $0.0 Mil. It means Major Drilling Group International's inventory stayed the same from Jul. 2023 to Oct. 2023 .

Major Drilling Group International's change in inventory for the fiscal year that ended in Apr. 2023 was $-9.8 Mil. It means Major Drilling Group International's inventory increased by $9.8 Mil from Apr. 2022 to Apr. 2023 .

Major Drilling Group International's Total Inventories for the quarter that ended in Oct. 2023 was $87.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Major Drilling Group International's Days Inventory for the quarter that ended in Oct. 2023 was 70.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. Major Drilling Group International's Inventory Turnover for the quarter that ended in Oct. 2023 was 1.29.

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. Major Drilling Group International's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.58.

Major Drilling Group International Change In Inventory Historical Data

The historical data trend for Major Drilling Group International'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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Major Drilling Group International Change In Inventory Chart

Major Drilling Group International Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Change In Inventory

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-6.07

-6.79

4.12

-5.14

-9.85

Major Drilling Group International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Major Drilling Group International 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Major Drilling Group International (OTCPK:MJDLF) Change In Inventory Explanation

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

Major Drilling Group International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	87.4075	/	112.741	*	365 / 4
	=	70.75

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

Major Drilling Group International's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	112.741	/	87.4075
	=	1.29

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.

Major Drilling Group International's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	87.4075	/	150.927
	=	0.58

Major Drilling Group International Change In Inventory Related Terms

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Major Drilling Group International (Major Drilling Group International) Business Description

Industry

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Traded in Other Exchanges

3MJ:Germany MDI:Canada

Address

111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7

Website

https://www.majordrilling.com

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which most of its revenue comes from Canada - the United States.

Major Drilling Group International (Major Drilling Group International) Headlines

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