OBGRF (Orbit Garant Drilling) Total Inventories : $32.3 Mil (As of Dec. 2024)

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What is Orbit Garant Drilling Total Inventories?

Orbit Garant Drilling's total inventories for the quarter that ended in Dec. 2024 was $32.3 Mil. Orbit Garant Drilling's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $33.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Orbit Garant Drilling's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orbit Garant Drilling's Days Inventory for the three months ended in Dec. 2024 was 118.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. Orbit Garant Drilling's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.77.

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. Orbit Garant Drilling's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.08.

Orbit Garant Drilling Total Inventories Historical Data

The historical data trend for Orbit Garant Drilling's Total Inventories 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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Orbit Garant Drilling Total Inventories Chart

Orbit Garant Drilling Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Inventories

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36.20

36.57

38.27

35.88

31.35

Orbit Garant Drilling Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Inventories	Get a 7-Day Free Trial															35.47	33.70	31.35	33.64	32.35

Orbit Garant Drilling Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Orbit Garant Drilling (OTCPK:OBGRF) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Orbit Garant Drilling's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.407	+	0.75 * 24.008	+	0.5 * 32.349	-	46.686
-	0	-	0)	/	37.328
=	-0.32

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

Orbit Garant Drilling'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
	=	32.9955	/	25.453	*	365 / 4
	=	118.29

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

Orbit Garant Drilling's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	25.453	/	32.9955
	=	0.77

4. 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.

Orbit Garant Drilling'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 )
	=	32.9955	/	30.476
	=	1.08

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Orbit Garant Drilling Total Inventories Related Terms

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Orbit Garant Drilling Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orbit Garant Drilling Inc (OTCPK:OBGRF) » Definitions » Total Inventories

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OGD:Canada

Address

3200, Jean Jacques Cossette Boulevard, Val-d'Or, QC, CAN, J9P 6Y6

Website

http://www.orbitgarant.com

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States, Central and South America, and West Africa. The majority of the company's revenue is derived from operations in Canada.