Stronghold Digital Mining (Stronghold Digital Mining) Change In Inventory : $0.62 Mil (TTM As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Stronghold Digital Mining Change In Inventory?

Stronghold Digital Mining's change in inventory for the quarter that ended in Mar. 2024 was $0.11 Mil. It means Stronghold Digital Mining's inventory declined by $0.11 Mil from Dec. 2023 to Mar. 2024 .

Stronghold Digital Mining's change in inventory for the fiscal year that ended in Dec. 2023 was $0.28 Mil. It means Stronghold Digital Mining's inventory declined by $0.28 Mil from Dec. 2022 to Dec. 2023 .

Stronghold Digital Mining's Total Inventories for the quarter that ended in Mar. 2024 was $4.09 Mil.

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 quarter that ended in Mar. 2024 was 50.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Stronghold Digital Mining's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.79.

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 quarter that ended in Mar. 2024 was 0.15.

Stronghold Digital Mining Change In Inventory Historical Data

The historical data trend for Stronghold Digital Mining'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.

* Premium members only.

Stronghold Digital Mining Change In Inventory Chart

Stronghold Digital Mining Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.07

0.13

-1.42

-1.10

0.28

Stronghold Digital Mining Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial												-0.23	0.53	1.03	-1.05	0.11

Stronghold Digital Mining 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.62 Mil.

Stronghold Digital Mining (NAS:SDIG) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.1415	/	7.411	*	365 / 4
	=	50.99

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

Stronghold Digital Mining's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.411	/	4.1415
	=	1.79

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.

Stronghold Digital Mining's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.1415	/	27.522
	=	0.15

Stronghold Digital Mining Change In Inventory Related Terms

Thank you for viewing the detailed overview of Stronghold Digital Mining's Change In 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 » Change In 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