GRIID Infrastructure (GRIID Infrastructure) Total Inventories

: $0.00 Mil (As of Sep. 2023)

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GRIID Infrastructure's total inventories for the quarter that ended in Sep. 2023 was $0.00 Mil. GRIID Infrastructure's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $0.13 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. GRIID Infrastructure's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-2.51.

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 three months ended in Sep. 2023 was 3.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. GRIID Infrastructure's Inventory Turnover for the quarter that ended in Sep. 2023 was 27.88.

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 quarter that ended in Sep. 2023 was 0.03.

GRIID Infrastructure Total Inventories Historical Data

The historical data trend for GRIID Infrastructure's Total Inventories 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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GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

15.05

0.05

0.14

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial			-	0.05	0.26	-	0.14

GRIID Infrastructure Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

GRIID Infrastructure (NAS:GRDI) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

GRIID Infrastructure's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.491	+	0.75 * 0	+	0.5 * 0	-	164.946
-	0	-	0)	/	65.616
=	-2.51

2. 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 three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.13	/	3.625	*	365 / 4
	=	3.27

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

GRIID Infrastructure's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	3.625	/	0.13
	=	27.88

4. 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 quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.13	/	4.858
	=	0.03

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

GRIID Infrastructure Total Inventories Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry

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Traded in Other Exchanges

GRDI:Canada

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

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.

GRIID Infrastructure (GRIID Infrastructure) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024