Orbital Infrastructure Group (Orbital Infrastructure Group) Change In Inventory : $-0.1 Mil (TTM As of Mar. 2023)

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What is Orbital Infrastructure Group Change In Inventory?

Orbital Infrastructure Group's change in inventory for the quarter that ended in Mar. 2023 was $-0.2 Mil. It means Orbital Infrastructure Group's inventory increased by $0.2 Mil from Dec. 2022 to Mar. 2023 .

Orbital Infrastructure Group's change in inventory for the fiscal year that ended in Dec. 2022 was $0.1 Mil. It means Orbital Infrastructure Group's inventory declined by $0.1 Mil from Dec. 2021 to Dec. 2022 .

Orbital Infrastructure Group's Total Inventories for the quarter that ended in Mar. 2023 was $1.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orbital Infrastructure Group's Days Inventory for the quarter that ended in Mar. 2023 was 2.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Orbital Infrastructure Group's Inventory Turnover for the quarter that ended in Mar. 2023 was 37.24.

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. Orbital Infrastructure Group's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.02.

Orbital Infrastructure Group Change In Inventory Historical Data

The historical data trend for Orbital Infrastructure Group'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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Orbital Infrastructure Group Change In Inventory Chart

Orbital Infrastructure Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-2.24

-0.12

3.77

-0.43

0.06

Orbital Infrastructure Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Inventory	Get a 7-Day Free Trial															0.02	0.30	0.02	-0.28	-0.17

Orbital Infrastructure Group 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.1 Mil.

Orbital Infrastructure Group (OTCPK:OIGBQ) Change In Inventory Explanation

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

Orbital Infrastructure Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.774	/	66.069	*	365 / 4
	=	2.45

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

Orbital Infrastructure Group's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	66.069	/	1.774
	=	37.24

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.

Orbital Infrastructure Group's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.774	/	80.186
	=	0.02

Orbital Infrastructure Group Change In Inventory Related Terms

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Orbital Infrastructure Group (Orbital Infrastructure Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Orbital Infrastructure Group Inc (OTCPK:OIGBQ) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5444 Westheimer Road, Suite 1650, Houston, TX, USA, 77056

Website

https://www.orbitalenergygroup.com

Orbital Infrastructure Group Inc is a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in three operating segments namely electric power, telecommunications, and renewables.

Executives

Steve Cochennet	director	4500 GREENWICH PLACE, AMARILLO TX 79119
James F Oneil	director	C/O FIRSTENERGY CORP., 76 SOUTH MAIN STREET, AKRON OH 44308
Nicholas M Grindstaff	officer: Chief Financial Officer	QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175
La Doris Harris	officer: CDO and CEO OSS	ORBITAL ENERGY GROUP, INC., 1924 ALDINE WESTERN, HOUSTON TX 77038-1204
Jerry Sue Thornton	director	C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920
Laforrest V Williams	director	1924 ALDINE WESTERN, HOUSTON TX 77038-1204
Paul T Addison	director	C/O FIRSTENERGY CORP., 76 S. MAIN ST., AKRON OH 44308
Daniel Ned Ford	officer: Chief Financial Officer	20050 SW 112TH AVENUE, TUALATIN OR 97062
William J Clough	director, officer: President/CEO	200 9TH AVENUE NORTH, SUITE 210, SAFETY HARBOR FL 34695
Sarah Tucker	director	1707 1/2 POST OAK BLVD, HOUSTON TX 77056
Paul Dwayne White	director	3271 SWEET DR, LAFAYETTE CA 94549
Matthew Murdock Mckenzie	director, officer: Corporate Secretary	13120 SW BEDFORD ST, TIGARD OR 97224
Sean P Rooney	director	20050 SW 112 AVENUE, TUALATIN OR 97062
Thomas A Price	director	601 BRANNAN STREET, SAN FRANCISCO CA 94107
Joseph A Mills	director	EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968