GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orbit Garant Drilling Inc (TSX:OGD) » Definitions » Inventory-to-Revenue

Orbit Garant Drilling (TSX:OGD) Inventory-to-Revenue : 0.98 (As of Jun. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Orbit Garant Drilling Inventory-to-Revenue?

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 Average Total Inventories for the quarter that ended in Jun. 2024 was C$44.3 Mil. Orbit Garant Drilling's Revenue for the three months ended in Jun. 2024 was C$45.4 Mil. Orbit Garant Drilling's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.98.

Orbit Garant Drilling's Inventory-to-Revenue for the quarter that ended in Jun. 2024 increased from Mar. 2024 (0.97) to Mar. 2024 (0.98)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

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 three months ended in Jun. 2024 was 106.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Orbit Garant Drilling's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.86.


Orbit Garant Drilling Inventory-to-Revenue Historical Data

The historical data trend for Orbit Garant Drilling's Inventory-to-Revenue 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.

* Premium members only.

Orbit Garant Drilling Inventory-to-Revenue Chart

Orbit Garant Drilling Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.29 0.24 0.24 0.25

Orbit Garant Drilling Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.07 1.11 1.13 0.97 0.98

Competitive Comparison of Orbit Garant Drilling's Inventory-to-Revenue

For the Other Industrial Metals & Mining subindustry, Orbit Garant Drilling's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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 Inventory-to-Revenue Distribution in the Metals & Mining Industry

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

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



Orbit Garant Drilling Inventory-to-Revenue Calculation

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 fiscal year that ended in Jun. 2024 is calculated as

Inventory-to-Revenue (A: Jun. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Jun. 2023 ) + Total Inventories (A: Jun. 2024 )) / count ) / Revenue (A: Jun. 2024 )
=( (47.674 + 42.964) / 2 ) / 181.24
=45.319 / 181.24
=0.25

Orbit Garant Drilling's Inventory-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue (Q: Jun. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Revenue (Q: Jun. 2024 )
=( (45.619 + 42.964) / 2 ) / 45.373
=44.2915 / 45.373
=0.98

* 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) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. 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 three months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=44.2915/38.08*365 / 4
=106.13

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

Orbit Garant Drilling's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=38.08 / 44.2915
=0.86

* 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 Inventory-to-Revenue Related Terms

Thank you for viewing the detailed overview of Orbit Garant Drilling's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


Orbit Garant Drilling Business Description

Traded in Other Exchanges
Address
3200, Jean Jacques Cossette Boulevard, Val-d'Or, QC, CAN, J9P 6Y6
Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States, Central and South America, and West Africa. The majority of the company's revenue is derived from operations in Canada.
Executives
Pierre Alexandre 10% Security Holder, Director, Senior Officer
Daniel Maheu Senior Officer
Eric Alexandre Director, Senior Officer
Alain Laplante Senior Officer

Orbit Garant Drilling Headlines

No Headlines