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SRA Holdings (TSE:3817) Days Inventory : 31.03 (As of Dec. 2023)


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What is SRA Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SRA Holdings's Average Total Inventories for the three months ended in Dec. 2023 was 円2,695 Mil. SRA Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円7,926 Mil. Hence, SRA Holdings's Days Inventory for the three months ended in Dec. 2023 was 31.03.

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

TSE:3817' s Days Inventory Range Over the Past 10 Years
Min: 19   Med: 24.65   Max: 26.53
Current: 25.97

During the past 13 years, SRA Holdings's highest Days Inventory was 26.53. The lowest was 19.00. And the median was 24.65.

TSE:3817's Days Inventory is ranked worse than
55.73% of 1563 companies
in the Software industry
Industry Median: 19.18 vs TSE:3817: 25.97

SRA Holdings's Days Inventory increased from Dec. 2022 (24.14) to Dec. 2023 (31.03). It might indicate that SRA Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SRA Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 2.94.

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. SRA Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.25.


SRA Holdings Days Inventory Historical Data

The historical data trend for SRA Holdings'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.

SRA Holdings Days Inventory Chart

SRA Holdings 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 24.59 22.59 25.48 22.40 20.85

SRA Holdings 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 24.14 21.64 24.63 25.85 31.03

Competitive Comparison of SRA Holdings's Days Inventory

For the Information Technology Services subindustry, SRA Holdings'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.


SRA Holdings's Days Inventory Distribution in the Software Industry

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

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



SRA Holdings Days Inventory Calculation

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

SRA Holdings'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
=( (1699 + 1970) / 2 ) / 32109*365
=1834.5 / 32109*365
=20.85

SRA Holdings'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
=( (2567 + 2823) / 2 ) / 7926*365 / 4
=2695 / 7926*365 / 4
=31.03

* 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.


SRA Holdings  (TSE:3817) 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.

SRA Holdings'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.

SRA Holdings'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.


SRA Holdings Days Inventory Related Terms

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


SRA Holdings (TSE:3817) Business Description

Traded in Other Exchanges
N/A
Address
2-32-8 Minami-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0022
SRA Holdings Inc is an information technology services provider. The company operates through three business areas: systems development, operation/administration services and product solutions marketing. The systems development includes financial IT services, embedded IT services, academic IT services, business systems development and infrastructure development. The operation/administration services include outsourcing services, infrastructure operation services and system operation services. The product solutions marketing includes cloud security, open source software, and development support. The company has an operational presence across Europe, India, China, and Singapore.

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