Quantum software (WAR:QNT) Days Inventory : 1.02 (As of Sep. 2023)

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What is Quantum software Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Quantum software's Average Total Inventories for the three months ended in Sep. 2023 was zł0.09 Mil. Quantum software's Cost of Goods Sold for the three months ended in Sep. 2023 was zł8.38 Mil. Hence, Quantum software's Days Inventory for the three months ended in Sep. 2023 was 1.02.

The historical rank and industry rank for Quantum software's Days Inventory or its related term are showing as below:

WAR:QNT' s Days Inventory Range Over the Past 10 Years
Min: 0.66 Med: 1.94 Max: 16.21
Current: 1.25

During the past 13 years, Quantum software's highest Days Inventory was 16.21. The lowest was 0.66. And the median was 1.94.

WAR:QNT's Days Inventory is ranked better than
85.34% of 1562 companies
in the Software industry
Industry Median: 19.265 vs WAR:QNT: 1.25

Quantum software's Days Inventory increased from Sep. 2022 (0.99) to Sep. 2023 (1.02). It might indicate that Quantum software's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Quantum software's Inventory Turnover for the three months ended in Sep. 2023 was 89.11.

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. Quantum software's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.01.

Quantum software Days Inventory Historical Data

The historical data trend for Quantum software'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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Quantum software Days Inventory Chart

Quantum software Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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9.32

0.83

0.66

0.76

1.21

Quantum software Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															0.99	1.78	1.12	1.25	1.02

Competitive Comparison of Quantum software's Days Inventory

For the Software - Application subindustry, Quantum software'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.

Quantum software's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Quantum software's Days Inventory distribution charts can be found below:

* The bar in red indicates where Quantum software's Days Inventory falls into.

Quantum software Days Inventory Calculation

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

Quantum software's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.072	+	0.151)	/	2 )	/	33.648	*	365
=	0.1115					/	33.648	*	365
=	1.21

Quantum software's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.119	+	0.069)	/	2 )	/	8.376	*	365 / 4
=	0.094					/	8.376	*	365 / 4
=	1.02

Quantum software (WAR:QNT) 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.

Quantum software's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.376	/	0.094
	=	89.11

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.

Quantum software's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.094	/	10.433
	=	0.01

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.

Quantum software Days Inventory Related Terms

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

Quantum software (WAR:QNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quantum software SA (WAR:QNT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

ulica Walerego Slawka 3A, Krakow, POL, 30-633

Website

http://www.quantum-software.com

Quantum software SA and group of companies is engaged in solution for logistics and delivery chain management. It offers a wide range of services analysis of processes and the need for an enterprise, design of IT solutions, Installation projects, training, implementation, servicing and operation support. It derives most of its revenues from Sale of software services and has operations spread across Poland.

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