Dexterra Group (Dexterra Group) Inventory Turnover : 8.84 (As of Dec. 2023)

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What is Dexterra Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Dexterra Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $183.9 Mil. Dexterra Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $20.8 Mil. Dexterra Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dexterra Group's Days Inventory for the three months ended in Dec. 2023 was 10.32.

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. Dexterra Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Dexterra Group Inventory Turnover Historical Data

The historical data trend for Dexterra Group's Inventory Turnover 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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Dexterra Group Inventory Turnover Chart

Dexterra Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

52.81

45.25

42.32

39.97

35.91

Dexterra Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial														9.10	8.51	8.28	9.51	8.84

Dexterra Group Inventory Turnover Calculation

Dexterra Group's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	728.256	/ (	(19.172	+	21.385)	/	2 )
=	728.256	/	20.2785
=	35.91

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	183.94	/ (	(20.209	+	21.385)	/	2 )
=	183.94	/	20.797
=	8.84

Dexterra Group (OTCPK:HZNOF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Dexterra Group's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	20.797	/	183.94	*	365 / 4
	=	10.32

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	20.797	/	201.645
	=	0.10

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Dexterra Group Inventory Turnover Related Terms

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Dexterra Group (Dexterra Group) Business Description

Industry

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DXT:Canada

Address

5915 Airport Road, Suite 425, Mississauga, ON, CAN, L4V 1T1

Website

https://www.dexterra.com

Dexterra Group Inc offers support services for the creation, management, and operation of infrastructure across Canada. Powered by people, Dexterra Group brings best-in-class regional expertise to every challenge and delivers solutions, giving clients confidence in their day-to-day operations. Activities include a comprehensive range of facilities management services, industry leading workforce accommodation solutions, modular building capabilities, and other support services for diverse clients in the public and private sectors.

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Prem Watsa Comments on Dexterra

By Sydnee Gatewood Sydnee Gatewood • 03-08-2021