Trinidad Drilling (TSX:TDG) Change In Inventory : C$0.0 Mil (TTM As of Sep. 2018)

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What is Trinidad Drilling Change In Inventory?

Trinidad Drilling's change in inventory for the quarter that ended in Sep. 2018 was C$0.0 Mil. It means Trinidad Drilling's inventory stayed the same from Jun. 2018 to Sep. 2018 .

Trinidad Drilling's change in inventory for the fiscal year that ended in Dec. 2017 was C$0.0 Mil. It means Trinidad Drilling's inventory stayed the same from Dec. 2016 to Dec. 2017 .

Trinidad Drilling's Total Inventories for the quarter that ended in Sep. 2018 was C$5.6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Trinidad Drilling's Days Inventory for the quarter that ended in Sep. 2018 was 5.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Trinidad Drilling's Inventory Turnover for the quarter that ended in Sep. 2018 was 16.36.

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. Trinidad Drilling's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.04.

Trinidad Drilling Change In Inventory Historical Data

The historical data trend for Trinidad Drilling'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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Trinidad Drilling Change In Inventory Chart

Trinidad Drilling Annual Data

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Change In Inventory

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Trinidad Drilling Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Trinidad Drilling 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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.0 Mil.

Trinidad Drilling (TSX:TDG) Change In Inventory Explanation

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

Trinidad Drilling's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.427	/	105.154	*	365 / 4
	=	5.58

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

Trinidad Drilling's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	105.154	/	6.427
	=	16.36

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.

Trinidad Drilling's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.427	/	174.792
	=	0.04

Trinidad Drilling Change In Inventory Related Terms

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Trinidad Drilling (TSX:TDG) Business Description

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Website

http://www.trinidaddrilling.com

Trinidad Drilling Ltd is a Canadian company which is engaged in providing drilling services to the oil and natural gas industry. The company's operating segments are Canadian operations which include land drilling services; US and international operations which include land and barge drilling services located in both the US and international markets, excluding all joint venture operations; Joint venture operations which include all international joint venture operations; and Manufacturing operations include manufacturing work performed in each of the Canadian and US manufacturing divisions. The majority of the company's revenue comes from oilfield services.