Orbit Garant Drilling (TSX:OGD) Days Inventory : 110.55 (As of Dec. 2023)

Orbit Garant Drilling Days Inventory Chart

Orbit Garant Drilling Annual Data
	Trend	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Days Inventory		Get a 7-Day Free Trial					111.43	135.92	119.63	94.09	96.60

Orbit Garant Drilling 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															107.81	108.89	99.27	111.79	110.55

Competitive Comparison of Orbit Garant Drilling's Days Inventory

For the Other Industrial Metals & Mining subindustry, Orbit Garant Drilling'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.

Orbit Garant Drilling's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Orbit Garant Drilling's Days Inventory distribution charts can be found below:

* The bar in red indicates where Orbit Garant Drilling's Days Inventory falls into.

Orbit Garant Drilling Days Inventory Calculation

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

Orbit Garant Drilling's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Orbit Garant Drilling's Days Inventory for the quarter 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.

Orbit Garant Drilling  (TSX:OGD) 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.

Orbit Garant Drilling's Inventory Turnover for the three months ended in Dec. 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.

Orbit Garant Drilling's Inventory to Revenue for the three months 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.

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.

Orbit Garant Drilling Days Inventory Related Terms

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Orbit Garant Drilling (TSX:OGD) Business Description