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Orbit Garant Drilling (TSX:OGD) Total Inventories : C$45.6 Mil (As of Mar. 2024)


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What is Orbit Garant Drilling Total Inventories?

Orbit Garant Drilling's total inventories for the quarter that ended in Mar. 2024 was C$45.6 Mil. Orbit Garant Drilling's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was C$46.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Orbit Garant Drilling's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.51.

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 Mar. 2024 was 101.15.

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 Mar. 2024 was 0.90.

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 quarter that ended in Mar. 2024 was 0.97.


Orbit Garant Drilling Total Inventories Historical Data

The historical data trend for Orbit Garant Drilling'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.

* Premium members only.

Orbit Garant Drilling Total Inventories Chart

Orbit Garant Drilling Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.94 49.06 44.68 49.01 47.67

Orbit Garant Drilling Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories 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 52.64 47.67 50.74 47.59 45.62

Orbit Garant Drilling 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.


Orbit Garant Drilling  (TSX:OGD) 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.

Orbit Garant Drilling's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.813+0.75 * 36.516+0.5 * 45.619-70.203
-0-0)/37.3728
=-0.51

2. 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 Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=46.6035/42.043*365 / 4
=101.15

3. 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 Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=42.043 / 46.6035
=0.90

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=46.6035 / 48.206
=0.97

* 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

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.


Orbit Garant Drilling Total Inventories Related Terms

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Orbit Garant Drilling (TSX:OGD) 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
Alain Laplante Senior Officer

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