Society Pass (Society Pass) Days Inventory : 56.31 (As of Dec. 2023)

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What is Society Pass Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Society Pass's Average Total Inventories for the three months ended in Dec. 2023 was $0.64 Mil. Society Pass's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.03 Mil. Hence, Society Pass's Days Inventory for the three months ended in Dec. 2023 was 56.31.

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

SOPA' s Days Inventory Range Over the Past 10 Years
Min: 20.79 Med: 23.75 Max: 113.45
Current: 25.73

During the past 5 years, Society Pass's highest Days Inventory was 113.45. The lowest was 20.79. And the median was 23.75.

SOPA's Days Inventory is ranked worse than
55.47% of 1563 companies
in the Software industry
Industry Median: 19.74 vs SOPA: 25.73

Society Pass's Days Inventory increased from Dec. 2022 (13.15) to Dec. 2023 (56.31). It might indicate that Society Pass's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Society Pass's Inventory Turnover for the three months ended in Dec. 2023 was 1.62.

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. Society Pass's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.38.

Society Pass Days Inventory Historical Data

The historical data trend for Society Pass'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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Society Pass Days Inventory Chart

Society Pass Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

113.45

20.79

23.75

Society Pass Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial												13.15	18.16	12.16	27.79	56.31

Competitive Comparison of Society Pass's Days Inventory

For the Software - Application subindustry, Society Pass'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.

Society Pass's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where Society Pass's Days Inventory falls into.

Society Pass Days Inventory Calculation

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

Society Pass'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
=	( (0.311	+	0.431)	/	2 )	/	5.702	*	365
=	0.371					/	5.702	*	365
=	23.75

Society Pass'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
=	( (0.839	+	0.431)	/	2 )	/	1.029	*	365 / 4
=	0.635					/	1.029	*	365 / 4
=	56.31

Society Pass (NAS:SOPA) 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.

Society Pass's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.029	/	0.635
	=	1.62

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.

Society Pass's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.635	/	1.673
	=	0.38

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.

Society Pass Days Inventory Related Terms

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

Society Pass (Society Pass) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Society Pass Inc (NAS:SOPA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 South Carson Street, Suite 200, Carson, NV, USA, 89701

Website

https://www.thesocietypass.com

Society Pass Inc is building an ecosystem of platforms and technology-enabled companies that synergistically work together in transforming how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnerships with visionary entrepreneurs, the company meets the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage. The company currently operates in six reportable operating segments: Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale (merchant POS). The company generates the majority of its revenue from the Digital marketing segment.

Executives

Nguyen Dennis Luan Thuc	director, officer: Chief Executive Officer	2740 WEST LAKE OF THE ISLES PARKWAY, MINNEAPOLIS MN 55416
Jeremy Miller	director	701 S CARSON STREET, SUITE 200, CARSON CITY NV 89701
Bien Kiat Tan	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Hien Yuki Phan	officer: Manager, Marketing	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Liang Raynauld Wee Leong	officer: CFO/Singapore Country Gen Mgr	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Cham Thi Ngo	officer: Chief Accountant/Head of Admin	P603 INTRACOM BLDG., 66 TRUNG VAN, NAM TU LIEM DISTRICT, HANOI Q1 10000
Shashi Kant Mishra	officer: Manager, IT Security/Analytics	B 611/612, NOIDAONE, B-BLOCK, SECTOR 63, NOIDA, NOIDA K7 201301
John Sebastian Mackay	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Linda Susan Cutler	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Yee Siong Tan	officer: Financial Controller	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Pamela Aw-young	officer: COO	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Gautier Loic Erwan Kevin	officer: Chief Marketing Officer	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Brun Pierre Antoine Frank Jacques	officer: Chief Technology Officer	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701