Drax Group (Drax Group) Change In Inventory : $26 Mil (TTM As of Dec. 2023)

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What is Drax Group Change In Inventory?

Drax Group's change in inventory for the quarter that ended in Dec. 2023 was $-15 Mil. It means Drax Group's inventory increased by $15 Mil from Jun. 2023 to Dec. 2023 .

Drax Group's change in inventory for the fiscal year that ended in Dec. 2023 was $26 Mil. It means Drax Group's inventory declined by $26 Mil from Dec. 2022 to Dec. 2023 .

Drax Group's Total Inventories for the quarter that ended in Dec. 2023 was $416 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Drax Group's Days Inventory for the quarter that ended in Dec. 2023 was 20.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Drax Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.07.

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. Drax Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Drax Group Change In Inventory Historical Data

The historical data trend for Drax Group's Change In 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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Drax Group Change In Inventory Chart

Drax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-88.86

117.07

49.73

-162.49

26.08

Drax Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															6.12	-92.61	-70.89	40.66	-14.68

Drax Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $26 Mil.

Drax Group (OTCPK:DRXGY) Change In Inventory Explanation

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

Drax Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	408.795	/	3706.582	*	365 / 2
	=	20.13

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

Drax Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3706.582	/	408.795
	=	9.07

3. 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.

Drax Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	408.795	/	5107.468
	=	0.08

Drax Group Change In Inventory Related Terms

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Drax Group (Drax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Drax Group PLC (OTCPK:DRXGY) » Definitions » Change In Inventory

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Traded in Other Exchanges

DRXGF:USA DRXl:UK DRX:UK D9F2:Germany

Address

Drax Power Station, Selby, North Yorkshire, GBR, YO8 8PH

Website

http://www.drax.com

Drax Group PLC is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. It operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. The company also operates a global bioenergy supply business with manufacturing facilities at around 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.