Karooooo (Karooooo) Days Inventory : 17.43 (As of Nov. 2023)

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What is Karooooo Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Karooooo's Average Total Inventories for the three months ended in Nov. 2023 was $4.1 Mil. Karooooo's Cost of Goods Sold for the three months ended in Nov. 2023 was $21.2 Mil. Hence, Karooooo's Days Inventory for the three months ended in Nov. 2023 was 17.43.

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

KARO' s Days Inventory Range Over the Past 10 Years
Min: 10.04 Med: 81.18 Max: 155.14
Current: 21.24

During the past 5 years, Karooooo's highest Days Inventory was 155.14. The lowest was 10.04. And the median was 81.18.

KARO's Days Inventory is ranked worse than
51.98% of 1562 companies
in the Software industry
Industry Median: 19.48 vs KARO: 21.24

Karooooo's Days Inventory declined from Nov. 2022 (21.68) to Nov. 2023 (17.43).

Inventory Turnover measures how fast the company turns over its inventory within a year. Karooooo's Inventory Turnover for the three months ended in Nov. 2023 was 5.24.

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. Karooooo's Inventory-to-Revenue for the three months ended in Nov. 2023 was 0.07.

Karooooo Days Inventory Historical Data

The historical data trend for Karooooo'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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Karooooo Days Inventory Chart

Karooooo Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

155.14

119.29

81.18

10.04

16.11

Karooooo Quarterly Data
	Feb19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Inventory	Get a 7-Day Free Trial													21.68	24.45	22.45	24.85	17.43

Competitive Comparison of Karooooo's Days Inventory

For the Software - Application subindustry, Karooooo'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.

Karooooo's Days Inventory Distribution in the Software Industry

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

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

Karooooo Days Inventory Calculation

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

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

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (1.667	+	4.421)	/	2 )	/	68.95	*	365
=	3.044					/	68.95	*	365
=	16.11

Karooooo's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (5.867	+	2.235)	/	2 )	/	21.207	*	365 / 4
=	4.051					/	21.207	*	365 / 4
=	17.43

Karooooo (NAS:KARO) 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.

Karooooo's Inventory Turnover for the three months ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.207	/	4.051
	=	5.24

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.051	/	58.312
	=	0.07

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.

Karooooo Days Inventory Related Terms

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

Karooooo (Karooooo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Karooooo Ltd (NAS:KARO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

KRO:South Africa

Address

1 Harbourfront Avenue, Keppel Bay Tower No. 14-07, Singapore, SGP, 098632

Website

https://www.karooooo.com

Karooooo Ltd is a global provider of real-time mobility data analytics solutions for smart transportation. It offers a comprehensive, cloud-based smart mobility platform for connected vehicles and other assets. The company's software-as-a-service platform provides customers with differentiated insights and analytics to optimize business and workforce, increase efficiency and decrease costs, improve safety, monitor environmental impact, assist with regularity compliance and manage risk. The segments of the group are Cartrack; Carzuka; and Karooooo Logistics, of which key revenue is derived from the Cartrack segment.