Exceed World (Exceed World) Days Inventory : 67.18 (As of Dec. 2023)

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What is Exceed World Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Exceed World's Average Total Inventories for the three months ended in Dec. 2023 was $1.73 Mil. Exceed World's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.34 Mil. Hence, Exceed World's Days Inventory for the three months ended in Dec. 2023 was 67.18.

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

EXDW' s Days Inventory Range Over the Past 10 Years
Min: 11.41 Med: 24.35 Max: 44.79
Current: 44.79

During the past 8 years, Exceed World's highest Days Inventory was 44.79. The lowest was 11.41. And the median was 24.35.

EXDW's Days Inventory is not ranked
in the Education industry.
Industry Median: 8.825 vs EXDW: 44.79

Exceed World's Days Inventory increased from Dec. 2022 (42.78) to Dec. 2023 (67.18). It might indicate that Exceed World's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Exceed World's Inventory Turnover for the three months ended in Dec. 2023 was 1.36.

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. Exceed World's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.36.

Exceed World Days Inventory Historical Data

The historical data trend for Exceed World'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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Exceed World Days Inventory Chart

Exceed World Annual Data

Trend

Nov15

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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11.41

32.38

28.72

24.35

44.36

Exceed World 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															42.78	25.45	37.68	64.72	67.18

Competitive Comparison of Exceed World's Days Inventory

For the Education & Training Services subindustry, Exceed World'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.

Exceed World's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Exceed World's Days Inventory distribution charts can be found below:

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

Exceed World Days Inventory Calculation

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

Exceed World'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
=	( (1.397	+	1.76)	/	2 )	/	12.987	*	365
=	1.5785					/	12.987	*	365
=	44.36

Exceed World'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
=	( (1.76	+	1.69)	/	2 )	/	2.343	*	365 / 4
=	1.725					/	2.343	*	365 / 4
=	67.18

Exceed World (OTCPK:EXDW) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.343	/	1.725
	=	1.36

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.725	/	4.827
	=	0.36

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.

Exceed World Days Inventory Related Terms

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

Exceed World (Exceed World) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Exceed World Inc (OTCPK:EXDW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-23-38-6th Floor, Esakacho, Suita-shi, Osaka, JPN, 564-0063

Website

Exceed World Inc is engaged in the education service business. The Company operates through its wholly owned subsidiaries, which are engaged in the provision of educational services through an internet platform called Force Club.

Executives

Tomoo Yoshida	director, 10 percent owner	1-23-38-8F, ESAKACHO, SUITA-SHI, OSAKA M0 00000
Force Internationale Ltd	10 percent owner	1-23-38-8F, ESAKACHO, SUITA-SHI, OSAKA M0 00000
Force International Holdings Ltd	10 percent owner	1-23-38-8F, ESAKACHO, SUITA-SHI, OSAKA M0 00000
Keiichi Koga	10 percent owner	1-23-38-6F, ESAKACHO, SUITA-SHI, OSAKA M0 00000
E-learning Laboratory Co., Ltd.	10 percent owner	1-23-38-8F, ESAKACHO, SUITA-SHI, OSAKA M0 00000

Exceed World (Exceed World) Headlines

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