CGI (TSX:GIB.A) Days Inventory : 32.76 (As of Dec. 2023)

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What is CGI Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CGI's Average Total Inventories for the three months ended in Dec. 2023 was C$1,084 Mil. CGI's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3,019 Mil. Hence, CGI's Days Inventory for the three months ended in Dec. 2023 was 32.76.

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

TSX:GIB.A' s Days Inventory Range Over the Past 10 Years
Min: 34.49 Med: 37.86 Max: 40.94
Current: 34.49

During the past 13 years, CGI's highest Days Inventory was 40.94. The lowest was 34.49. And the median was 37.86.

TSX:GIB.A's Days Inventory is ranked worse than
61% of 1564 companies
in the Software industry
Industry Median: 19.625 vs TSX:GIB.A: 34.49

CGI's Days Inventory declined from Dec. 2022 (35.55) to Dec. 2023 (32.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. CGI's Inventory Turnover for the three months ended in Dec. 2023 was 2.79.

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. CGI's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.30.

CGI Days Inventory Historical Data

The historical data trend for CGI'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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CGI Days Inventory Chart

CGI Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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37.83

40.94

40.20

37.88

35.57

CGI 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															35.55	33.88	37.30	37.07	32.76

Competitive Comparison of CGI's Days Inventory

For the Information Technology Services subindustry, CGI'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.

CGI's Days Inventory Distribution in the Software Industry

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

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

CGI Days Inventory Calculation

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

CGI's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (1191.844	+	1143.685)	/	2 )	/	11982.421	*	365
=	1167.7645					/	11982.421	*	365
=	35.57

CGI'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
=	( (1143.685	+	1023.834)	/	2 )	/	3019.115	*	365 / 4
=	1083.7595					/	3019.115	*	365 / 4
=	32.76

CGI (TSX:GIB.A) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3019.115	/	1083.7595
	=	2.79

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1083.7595	/	3602.97
	=	0.30

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.

CGI Days Inventory Related Terms

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

CGI (TSX:GIB.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CGI Inc (TSX:GIB.A) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GIB:USA CJ5A:Germany

Address

1350 Rene-Levesque Boulevard West, 25th Floor, Montreal, QC, CAN, H3G 1T4

Website

https://www.cgi.com

CGI Inc. is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 14 billion in annual revenue, employs over 90,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services, or BPS. The company's largest vertical market is government, which contributes more than a third of group revenue.

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