Days Inventory is also known as Days Sales of Inventory (DSI). GRIID Infrastructure's Average Total Inventories for the
three
months ended in Sep. 2023 was $0.26 Mil. GRIID Infrastructure's Cost of Goods Sold for the
three
months ended in Sep. 2023 was $3.63 Mil.
Hence, GRIID Infrastructure's Days Inventory for the
three
months ended in Sep. 2023 was 6.54.
The historical rank and industry rank for GRIID Infrastructure's Days Inventory or its related term are showing as below:
GRDI'
s Days Inventory Range Over the Past 10 Years
Min: 2.59 Med: 212.32 Max: 1086.93
Current: 2.85
During the past 3 years, GRIID Infrastructure's highest Days Inventory was 1086.93. The lowest was 2.59. And the median was 212.32.
GRDI's Days Inventory is ranked better than 82.11% of 218
companies
in the Capital Markets industry
Industry Median: 58.365
vs GRDI: 2.85
GRIID Infrastructure's Days Inventory
declined
from Dec. 2021 (271.73) to Sep. 2023 (6.54).
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
GRIID Infrastructure's Inventory Turnover for the
three
months ended in Sep. 2023 was 13.94.
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.
GRIID Infrastructure's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 0.05.
GRIID Infrastructure Days Inventory Historical Data
The historical data trend for GRIID Infrastructure's Days 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.
Competitive Comparison of GRIID Infrastructure's Days Inventory
For the Capital Markets subindustry, GRIID Infrastructure's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
GRIID Infrastructure's Days Inventory Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, GRIID Infrastructure's Days Inventory distribution charts can be found below:
* The bar in red indicates where GRIID Infrastructure's Days Inventory falls into.
GRIID Infrastructure Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
GRIID Infrastructure's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
GRIID Infrastructure (NAS:GRDI) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
GRIID Infrastructure's Inventory Turnover for the
three
months ended in Sep. 2023 is calculated as
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.
GRIID Infrastructure's Inventory to Revenue for the
three
months ended in Sep. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
GRIID Infrastructure Days Inventory Related Terms
Thank you for viewing the detailed overview of GRIID Infrastructure's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
GRIID Infrastructure (GRIID Infrastructure) Business Description
Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.
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