Dirtt Environmental Solutions (TSX:DRT) Inventory Turnover : 1.86 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Dirtt Environmental Solutions 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. Dirtt Environmental Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was C$42.5 Mil. Dirtt Environmental Solutions's Average Total Inventories for the quarter that ended in Dec. 2023 was C$22.9 Mil. Dirtt Environmental Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.86.

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 three months ended in Dec. 2023 was 49.08.

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 Inventory Turnover Historical Data

The historical data trend for Dirtt Environmental Solutions'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.

* Premium members only.

Dirtt Environmental Solutions Inventory Turnover Chart

Dirtt Environmental Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

8.82

6.95

7.21

7.27

6.26

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
Inventory Turnover	Get a 7-Day Free Trial															1.37	1.30	1.47	1.78	1.86

Dirtt Environmental Solutions Inventory Turnover Calculation

Dirtt Environmental Solutions'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 )
=	164.197	/ (	(30.228	+	22.24)	/	2 )
=	164.197	/	26.234
=	6.26

Dirtt Environmental Solutions'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 )
=	42.522	/ (	(23.501	+	22.24)	/	2 )
=	42.522	/	22.8705
=	1.86

Dirtt Environmental Solutions (TSX:DRT) 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.

Dirtt Environmental Solutions'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
	=	22.8705	/	42.522	*	365 / 4
	=	49.08

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.

Dirtt Environmental Solutions'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 )
	=	22.8705	/	68.332
	=	0.33

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.

Dirtt Environmental Solutions Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Dirtt Environmental Solutions's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Dirtt Environmental Solutions (TSX:DRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dirtt Environmental Solutions Ltd (TSX:DRT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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.

Dirtt Environmental Solutions (TSX:DRT) Headlines

No Headlines