Integrated Drilling Equipment Holdings (Integrated Drilling Equipment Holdings) Change In Inventory : $-0.79 Mil (TTM As of Dec. 2014)

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What is Integrated Drilling Equipment Holdings Change In Inventory?

Integrated Drilling Equipment Holdings's change in inventory for the quarter that ended in Dec. 2014 was $-0.25 Mil. It means Integrated Drilling Equipment Holdings's inventory increased by $0.25 Mil from Sep. 2014 to Dec. 2014 .

Integrated Drilling Equipment Holdings's change in inventory for the fiscal year that ended in Dec. 2014 was $-0.79 Mil. It means Integrated Drilling Equipment Holdings's inventory increased by $0.79 Mil from Dec. 2013 to Dec. 2014 .

Integrated Drilling Equipment Holdings's Total Inventories for the quarter that ended in Dec. 2014 was $7.95 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Integrated Drilling Equipment Holdings's Days Inventory for the quarter that ended in Dec. 2014 was 36.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Integrated Drilling Equipment Holdings's Inventory Turnover for the quarter that ended in Dec. 2014 was 2.52.

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. Integrated Drilling Equipment Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2014 was 0.27.

Integrated Drilling Equipment Holdings Change In Inventory Historical Data

The historical data trend for Integrated Drilling Equipment Holdings'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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Integrated Drilling Equipment Holdings Change In Inventory Chart

Integrated Drilling Equipment Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Change In Inventory

-19.49

17.26

5.15

-0.79

Integrated Drilling Equipment Holdings Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Change In Inventory	Get a 7-Day Free Trial											0.30	0.76	0.17	-1.46	-0.25

Integrated Drilling Equipment Holdings 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.79 Mil.

Integrated Drilling Equipment Holdings (OTCPK:IRIG) Change In Inventory Explanation

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

Integrated Drilling Equipment Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	7.797	/	19.658	*	365 / 4
	=	36.19

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

Integrated Drilling Equipment Holdings's Inventory Turnover for the quarter that ended in Dec. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.658	/	7.797
	=	2.52

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.

Integrated Drilling Equipment Holdings's Inventory to Revenue for the quarter that ended in Dec. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.797	/	28.866
	=	0.27

Integrated Drilling Equipment Holdings Change In Inventory Related Terms

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Integrated Drilling Equipment Holdings (Integrated Drilling Equipment Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Integrated Drilling Equipment Holdings Corp (OTCPK:IRIG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

25311 I-45 North, Woodpark Business Center, Spring, TX, USA, 77380

Website

http://www.ide-rig.com

Integrated Drilling Equipment Holdings Corp provides products and services to customers in the oil and gas industry both domestically and internationally. It operates in two segments: Electrical Products & Services and Drilling Products & Services.

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