Digi Power X (TSXV:DGX) Inventory Turnover : 2.41 (As of Dec. 2024)

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What is Digi Power X 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. Digi Power X's Cost of Goods Sold for the three months ended in Dec. 2024 was C$15.74 Mil. Digi Power X's Average Total Inventories for the quarter that ended in Dec. 2024 was C$6.54 Mil. Digi Power X's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Digi Power X's Days Inventory for the three months ended in Dec. 2024 was 37.93.

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. Digi Power X's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.81.

Digi Power X Inventory Turnover Historical Data

The historical data trend for Digi Power X'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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Digi Power X Inventory Turnover Chart

Digi Power X Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.67

0.73

1.80

19.56

18.24

Digi Power X Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															22.80	6.95	4.43	3.25	2.41

Digi Power X Inventory Turnover Calculation

Digi Power X's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	68.883	/ (	(1.104	+	6.447)	/	2 )
=	68.883	/	3.7755
=	18.24

Digi Power X's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	15.741	/ (	(6.638	+	6.447)	/	2 )
=	15.741	/	6.5425
=	2.41

Digi Power X (TSXV:DGX) 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.

Digi Power X's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	6.5425	/	15.741	*	365 / 4
	=	37.93

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.

Digi Power X's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	6.5425	/	8.032
	=	0.81

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.

Digi Power X Inventory Turnover Related Terms

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Digi Power X Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Digi Power X Inc (TSXV:DGX) » Definitions » Inventory Turnover

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DGXX:USA 1NQ0:Germany

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.digipowerx.com

Digi Power X Inc is an infrastructure company that develops cutting-edge data centers to drive the expansion of sustainable energy assets. The company focuses on expanding power infrastructure to create a resilient backbone for the future of energy and technology.