Dirtt Environmental Solutions (Dirtt Environmental Solutions) Inventory-to-Revenue : 0.33 (As of Dec. 2023)

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What is Dirtt Environmental Solutions 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. Dirtt Environmental Solutions's Average Total Inventories for the quarter that ended in Dec. 2023 was $17.0 Mil. Dirtt Environmental Solutions's Revenue for the three months ended in Dec. 2023 was $50.9 Mil. Dirtt Environmental Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Dirtt Environmental Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (0.37) to Sep. 2023 (0.33)

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.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dirtt Environmental Solutions's Days Inventory for the three months ended in Dec. 2023 was 48.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Dirtt Environmental Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.87.

Dirtt Environmental Solutions Inventory-to-Revenue Historical Data

The historical data trend for Dirtt Environmental Solutions'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.

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Dirtt Environmental Solutions Inventory-to-Revenue Chart

Dirtt Environmental Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.07

0.10

0.12

0.11

Dirtt Environmental Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.54	0.59	0.45	0.37	0.33

Competitive Comparison of Dirtt Environmental Solutions's Inventory-to-Revenue

For the Engineering & Construction subindustry, Dirtt Environmental Solutions'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.

Dirtt Environmental Solutions's Inventory-to-Revenue Distribution in the Construction Industry

For the Construction industry and Industrials sector, Dirtt Environmental Solutions's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Dirtt Environmental Solutions's Inventory-to-Revenue falls into.

Dirtt Environmental Solutions Inventory-to-Revenue Calculation

Dirtt Environmental Solutions'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 )
=	( (22.251	+	16.577)	/	2 )	/	181.931
=	19.414					/	181.931
=	0.11

Dirtt Environmental Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (17.368	+	16.577)	/	2 )	/	50.933
=	16.9725					/	50.933
=	0.33

Dirtt Environmental Solutions (OTCPK:DRTTF) 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:

More Related Terms:

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

Dirtt Environmental Solutions's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	16.9725	/	31.695	*	365 / 4
	=	48.86

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

Dirtt Environmental Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	31.695	/	16.9725
	=	1.87

Dirtt Environmental Solutions Inventory-to-Revenue Related Terms

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Dirtt Environmental Solutions (Dirtt Environmental Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dirtt Environmental Solutions Ltd (OTCPK:DRTTF) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

DRT:Canada

Address

7303 - 30th Street S.E., Calgary, AB, CAN, T2C 1N6

Website

https://www.dirtt.net

Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors. DIRTT operates its activity through the U.S. and Canada of which, the United States generates the majority of revenue.

Executives

Shaun Noll	director	55 SPEAR STREET, 42ND FLOOR, SAN FRANCISCO CA 94101
Fareeha Khan	officer: Chief Financial Officer	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Kenneth D Sanders	director	338 SPEAR STREET #31-C, SAN FRANCISCO CA 94105
Nandini Somayaji	officer: See Remarks	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Mark Greffen	officer: See Remarks	7303 30 ST. S.E., CALGARY A0 T2C 1N6
Scott L Robinson	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Benjamin Nicholas Urban	director, officer: Chief Executive Officer	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Aron R. English	director	1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Mitchell Cory	director	1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Jeffery Dopheide	officer: Chief Revenue Officer	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Richard J Hunter	officer: Chief Operating Officer	511 E JOHN CARPENTER FREEWAY, SUITE 600, IRVING TX 75062
Bradley Scott Little	officer: Chief Financial Officer	7303 30 ST SE, CALGARY A0 T2C 1N6
Douglas A Edwards	director	2218 ALTA AVE., LOUISVILLE KY 40205
Scott C Ryan	director	4745 N. 7TH STREET, SUITE 310, PHOENIX AZ 85014
Mary Garden	director	480 BROOKHAVEN RD, VICTORIA A1 V9E 2A5