GRIID Infrastructure (GRIID Infrastructure) Inventory Turnover

: 13.94 (As of Sep. 2023)

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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. GRIID Infrastructure's Cost of Goods Sold for the three months ended in Sep. 2023 was $3.63 Mil. GRIID Infrastructure's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.26 Mil. GRIID Infrastructure's Inventory Turnover for the quarter that ended in Sep. 2023 was 13.94.

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 6.54.

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 0.05.

GRIID Infrastructure Inventory Turnover Historical Data

The historical data trend for GRIID Infrastructure'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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GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

0.34

1.62

141.66

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			0.20	239.86	21.05	13.94	-

GRIID Infrastructure Inventory Turnover Calculation

GRIID Infrastructure'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 )
=	13.67	/ (	(0.051	+	0.142)	/	2 )
=	13.67	/	0.0965
=	141.66

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

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	3.625	/ (	(0.26	+	0)	/	1 )
=	3.625	/	0.26
=	13.94

GRIID Infrastructure (NAS:GRDI) 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.

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
	=	0.26	/	3.625	*	365 / 4
	=	6.54

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 quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.26	/	4.858
	=	0.05

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.

GRIID Infrastructure Inventory Turnover Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry

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Comparable Companies

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