Stronghold Digital Mining (Stronghold Digital Mining) Days Inventory : 52.92 (As of Dec. 2023)

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What is Stronghold Digital Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Stronghold Digital Mining's Average Total Inventories for the three months ended in Dec. 2023 was $3.67 Mil. Stronghold Digital Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.33 Mil. Hence, Stronghold Digital Mining's Days Inventory for the three months ended in Dec. 2023 was 52.92.

The historical rank and industry rank for Stronghold Digital Mining's Days Inventory or its related term are showing as below:

SDIG' s Days Inventory Range Over the Past 10 Years
Min: 22.89 Med: 52.34 Max: 434.43
Current: 52.81

During the past 5 years, Stronghold Digital Mining's highest Days Inventory was 434.43. The lowest was 22.89. And the median was 52.34.

SDIG's Days Inventory is ranked better than
51.39% of 216 companies
in the Capital Markets industry
Industry Median: 60.24 vs SDIG: 52.81

Stronghold Digital Mining's Days Inventory declined from Dec. 2022 (96.62) to Dec. 2023 (52.92).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Stronghold Digital Mining's Inventory Turnover for the three months ended in Dec. 2023 was 1.72.

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. Stronghold Digital Mining's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.17.

Stronghold Digital Mining Days Inventory Historical Data

The historical data trend for Stronghold Digital Mining's Days 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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Stronghold Digital Mining Days Inventory Chart

Stronghold Digital Mining Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

22.89

434.43

52.34

43.42

55.34

Stronghold Digital Mining Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											96.62	56.45	64.32	38.98	52.92

Competitive Comparison of Stronghold Digital Mining's Days Inventory

For the Capital Markets subindustry, Stronghold Digital Mining's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Stronghold Digital Mining's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Stronghold Digital Mining's Days Inventory distribution charts can be found below:

* The bar in red indicates where Stronghold Digital Mining's Days Inventory falls into.

Stronghold Digital Mining Days Inventory Calculation

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

Stronghold Digital Mining's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4.472	+	4.197)	/	2 )	/	28.59	*	365
=	4.3345					/	28.59	*	365
=	55.34

Stronghold Digital Mining's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.143	+	4.197)	/	2 )	/	6.328	*	365 / 4
=	3.67					/	6.328	*	365 / 4
=	52.92

Stronghold Digital Mining (NAS:SDIG) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Stronghold Digital Mining's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.328	/	3.67
	=	1.72

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.

Stronghold Digital Mining's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.67	/	21.982
	=	0.17

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Stronghold Digital Mining Days Inventory Related Terms

Thank you for viewing the detailed overview of Stronghold Digital Mining's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Stronghold Digital Mining (Stronghold Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Stronghold Digital Mining Inc (NAS:SDIG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Madison Avenue, 28th Floor, New York, NY, USA, 10022

Website

https://www.strongholddigitalmining.com

Stronghold Digital Mining Inc is a vertically integrated crypto asset mining company currently focused on mining Bitcoin. The company has two reporting segments; Energy Operations and Cryptocurrency Operations. It generates maximum revenue from the Cryptocurrency Operations segment.

Executives

Gregory A Beard	director, 10 percent owner, officer: Chief Executive Officer	C/O ATHLON ENERGY INC., 420 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
William B. Spence	director, 10 percent owner	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Matthew J. Smith	director	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Richard J. Shaffer	officer: See Remarks	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Thomas B Doherty	director	411 WAVERLY OAKS RD, WALTHAM MA 02154
Indira Agarwal	director	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Thomas Pacchia	director	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Sarah James	director	PO BOX 500 71 FORT STREET, GRAND CAYMAN E9 KY11106
Trowbridge Thomas R. Iv	director	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Ricardo Larroude	officer: Chief Financial Officer	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Q Power Llc	10 percent owner	2151 LISBON ROAD, KENNERDELL PA 16374