Black Diamond Group (Black Diamond Group) Days Inventory : 6.83 (As of Dec. 2023)

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What is Black Diamond Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Black Diamond Group's Average Total Inventories for the three months ended in Dec. 2023 was $3.3 Mil. Black Diamond Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $44.6 Mil. Hence, Black Diamond Group's Days Inventory for the three months ended in Dec. 2023 was 6.83.

The historical rank and industry rank for Black Diamond Group's Days Inventory or its related term are showing as below:

BDIMF' s Days Inventory Range Over the Past 10 Years
Min: 7.47 Med: 8.19 Max: 8.9
Current: 7.47

During the past 13 years, Black Diamond Group's highest Days Inventory was 8.90. The lowest was 7.47. And the median was 8.19.

BDIMF's Days Inventory is ranked better than
72.61% of 679 companies
in the Business Services industry
Industry Median: 29.12 vs BDIMF: 7.47

Black Diamond Group's Days Inventory declined from Dec. 2022 (8.08) to Dec. 2023 (6.83).

Inventory Turnover measures how fast the company turns over its inventory within a year. Black Diamond Group's Inventory Turnover for the three months ended in Dec. 2023 was 13.36.

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. Black Diamond Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

Black Diamond Group Days Inventory Historical Data

The historical data trend for Black Diamond Group'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.

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Black Diamond Group Days Inventory Chart

Black Diamond Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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8.90

7.43

Black Diamond Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															8.08	9.36	-	-	6.83

Competitive Comparison of Black Diamond Group's Days Inventory

For the Rental & Leasing Services subindustry, Black Diamond Group'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.

Black Diamond Group's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Black Diamond Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Black Diamond Group's Days Inventory falls into.

Black Diamond Group Days Inventory Calculation

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

Black Diamond Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3.31	+	3.336)	/	2 )	/	163.277	*	365
=	3.323					/	163.277	*	365
=	7.43

Black Diamond Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	3.336)	/	1 )	/	44.572	*	365 / 4
=	3.336					/	44.572	*	365 / 4
=	6.83

Black Diamond Group (OTCPK:BDIMF) 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.

Black Diamond Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	44.572	/	3.336
	=	13.36

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.

Black Diamond Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.336	/	77.054
	=	0.04

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.

Black Diamond Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Black Diamond Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Black Diamond Group (Black Diamond Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Black Diamond Group Ltd (OTCPK:BDIMF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

8B8:Germany BDI:Canada

Address

440-2nd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 5E9

Website

https://www.blackdiamondgroup.com

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. It has two business units: Modular Space Solutions and Workforce Solutions. Modular Space Solutions provides high quality, cost effective, modular space rentals to customers. The customers operate in the construction, real estate development, education, manufacturing, health care, financial, government and defense industries. Workforce Solutions provides complete workforce housing solutions including rental of accommodations and surface equipment, provision of full turnkey lodge services and provision of travel management logistics through the Company's online digital marketplace, LodgeLink.