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Internet Initiative Japan (TSE:3774) Days Inventory : 7.49 (As of Dec. 2023)


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What is Internet Initiative Japan Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Internet Initiative Japan's Average Total Inventories for the three months ended in Dec. 2023 was 円4,607 Mil. Internet Initiative Japan's Cost of Goods Sold for the three months ended in Dec. 2023 was 円56,136 Mil. Hence, Internet Initiative Japan's Days Inventory for the three months ended in Dec. 2023 was 7.49.

The historical rank and industry rank for Internet Initiative Japan's Days Inventory or its related term are showing as below:

TSE:3774' s Days Inventory Range Over the Past 10 Years
Min: 4.91   Med: 5.34   Max: 7.76
Current: 7.76

During the past 13 years, Internet Initiative Japan's highest Days Inventory was 7.76. The lowest was 4.91. And the median was 5.34.

TSE:3774's Days Inventory is ranked better than
78.11% of 297 companies
in the Telecommunication Services industry
Industry Median: 19.27 vs TSE:3774: 7.76

Internet Initiative Japan's Days Inventory declined from Dec. 2022 (7.74) to Dec. 2023 (7.49).

Inventory Turnover measures how fast the company turns over its inventory within a year. Internet Initiative Japan's Inventory Turnover for the three months ended in Dec. 2023 was 12.19.

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. Internet Initiative Japan's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.06.


Internet Initiative Japan Days Inventory Historical Data

The historical data trend for Internet Initiative Japan'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.

* Premium members only.

Internet Initiative Japan Days Inventory Chart

Internet Initiative Japan Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.52 6.24 4.91 4.99 5.43

Internet Initiative Japan Quarterly Data
Mar19 Jun19 Sep19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.74 6.67 8.08 9.48 7.49

Competitive Comparison of Internet Initiative Japan's Days Inventory

For the Telecom Services subindustry, Internet Initiative Japan'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.


Internet Initiative Japan's Days Inventory Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Internet Initiative Japan's Days Inventory distribution charts can be found below:

* The bar in red indicates where Internet Initiative Japan's Days Inventory falls into.



Internet Initiative Japan Days Inventory Calculation

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

Internet Initiative Japan's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (2608 + 3188) / 2 ) / 194800*365
=2898 / 194800*365
=5.43

Internet Initiative Japan'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
=( (5430 + 3783) / 2 ) / 56136*365 / 4
=4606.5 / 56136*365 / 4
=7.49

* 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.


Internet Initiative Japan  (TSE:3774) 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.

Internet Initiative Japan's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Internet Initiative Japan's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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.


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.


Internet Initiative Japan Days Inventory Related Terms

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


Internet Initiative Japan (TSE:3774) Business Description

Traded in Other Exchanges
Address
Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo, JPN, 102-0071
Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.

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