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GRIID Infrastructure (NEOE:GRDI) Inventory-to-Revenue : 0.02 (As of Mar. 2024)


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What is GRIID Infrastructure Inventory-to-Revenue?

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. GRIID Infrastructure's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.19 Mil. GRIID Infrastructure's Revenue for the three months ended in Mar. 2024 was C$7.88 Mil. GRIID Infrastructure's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

GRIID Infrastructure's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.00) to Dec. 2023 (0.02)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GRIID Infrastructure's Days Inventory for the three months ended in Mar. 2024 was 2.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. GRIID Infrastructure's Inventory Turnover for the quarter that ended in Mar. 2024 was 40.65.


GRIID Infrastructure Inventory-to-Revenue Historical Data

The historical data trend for GRIID Infrastructure's Inventory-to-Revenue 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.

GRIID Infrastructure Inventory-to-Revenue Chart

GRIID Infrastructure Annual Data
Trend Dec21 Dec22 Dec23
Inventory-to-Revenue
0.49 0.32 0.01

GRIID Infrastructure Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial 0.01 0.06 0.05 - 0.02

Competitive Comparison of GRIID Infrastructure's Inventory-to-Revenue

For the Capital Markets subindustry, GRIID Infrastructure's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GRIID Infrastructure's Inventory-to-Revenue Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GRIID Infrastructure's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where GRIID Infrastructure's Inventory-to-Revenue falls into.



GRIID Infrastructure Inventory-to-Revenue Calculation

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.

GRIID Infrastructure's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (0.069 + 0.191) / 2 ) / 26.328
=0.13 / 26.328
=0.00

GRIID Infrastructure's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (0.191 + 0) / 1 ) / 7.879
=0.191 / 7.879
=0.02

* 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.


GRIID Infrastructure  (NEOE:GRDI) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

GRIID Infrastructure's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=0.191/7.765*365 / 4
=2.24

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

GRIID Infrastructure's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=7.765 / 0.191
=40.65

* 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.


GRIID Infrastructure Inventory-to-Revenue Related Terms

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GRIID Infrastructure (NEOE:GRDI) Business Description

Comparable Companies
Traded in Other Exchanges
Address
2577 Duck Creek Road, Cincinnati, OH, USA, 45212
Website
Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (NEOE:GRDI) Headlines