Dirtt Environmental Solutions (TSX:DRT) Change In Inventory : C$8.0 Mil (TTM As of Dec. 2023)

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What is Dirtt Environmental Solutions Change In Inventory?

Dirtt Environmental Solutions's change in inventory for the quarter that ended in Dec. 2023 was C$1.4 Mil. It means Dirtt Environmental Solutions's inventory declined by C$1.4 Mil from Sep. 2023 to Dec. 2023 .

Dirtt Environmental Solutions's change in inventory for the fiscal year that ended in Dec. 2023 was C$8.0 Mil. It means Dirtt Environmental Solutions's inventory declined by C$8.0 Mil from Dec. 2022 to Dec. 2023 .

Dirtt Environmental Solutions's Total Inventories for the quarter that ended in Dec. 2023 was C$22.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dirtt Environmental Solutions's Days Inventory for the quarter that ended in Dec. 2023 was 49.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Dirtt Environmental Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.86.

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. Dirtt Environmental Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Dirtt Environmental Solutions Change In Inventory Historical Data

The historical data trend for Dirtt Environmental Solutions'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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Dirtt Environmental Solutions Change In Inventory Chart

Dirtt Environmental Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.20

2.10

-3.14

-6.41

8.00

Dirtt Environmental Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															1.82	1.78	2.46	2.37	1.42

Dirtt Environmental Solutions 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 quarterly data reported by the company within the most recent 12 months, which was C$8.0 Mil.

Dirtt Environmental Solutions (TSX:DRT) Change In Inventory Explanation

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

Dirtt Environmental Solutions's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	22.8705	/	42.522	*	365 / 4
	=	49.08

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

Dirtt Environmental Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.522	/	22.8705
	=	1.86

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.

Dirtt Environmental Solutions's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.8705	/	68.332
	=	0.33

Dirtt Environmental Solutions Change In Inventory Related Terms

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Dirtt Environmental Solutions (TSX:DRT) Business Description

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DRTTF:USA

Address

7303 - 30th Street S.E., Calgary, AB, CAN, T2C 1N6

Website

https://www.dirtt.net

Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors. DIRTT operates its activity through the U.S. and Canada of which, the United States generates the majority of revenue.

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