Inforich (TSE:9338) Days Inventory : 3.74 (As of Mar. 2024)

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What is Inforich Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Inforich's Average Total Inventories for the three months ended in Mar. 2024 was 円20 Mil. Inforich's Cost of Goods Sold for the three months ended in Mar. 2024 was 円492 Mil. Hence, Inforich's Days Inventory for the three months ended in Mar. 2024 was 3.74.

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

TSE:9338' s Days Inventory Range Over the Past 10 Years
Min: 3.35 Med: 12.28 Max: 26.6
Current: 3.35

During the past 4 years, Inforich's highest Days Inventory was 26.60. The lowest was 3.35. And the median was 12.28.

TSE:9338's Days Inventory is ranked better than
81.35% of 681 companies
in the Business Services industry
Industry Median: 29.67 vs TSE:9338: 3.35

Inforich's Days Inventory declined from Mar. 2023 (8.82) to Mar. 2024 (3.74).

Inventory Turnover measures how fast the company turns over its inventory within a year. Inforich's Inventory Turnover for the three months ended in Mar. 2024 was 24.38.

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. Inforich's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.01.

Inforich Days Inventory Historical Data

The historical data trend for Inforich'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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Inforich Days Inventory Chart

Inforich Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

26.60

14.91

9.65

6.49

Inforich Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial				8.82	4.65	1.82	2.51	3.74

Competitive Comparison of Inforich's Days Inventory

For the Specialty Business Services subindustry, Inforich'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.

Inforich's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Inforich's Days Inventory distribution charts can be found below:

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

Inforich Days Inventory Calculation

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

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

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (43.173	+	25.509)	/	2 )	/	1932.278	*	365
=	34.341					/	1932.278	*	365
=	6.49

Inforich's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (25.509	+	14.846)	/	2 )	/	491.964	*	365 / 4
=	20.1775					/	491.964	*	365 / 4
=	3.74

Inforich (TSE:9338) 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.

Inforich's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	491.964	/	20.1775
	=	24.38

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.

Inforich's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20.1775	/	2087.906
	=	0.01

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.

Inforich Days Inventory Related Terms

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

Inforich (TSE:9338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Inforich Inc (TSE:9338) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-6A 6-31-15 Jinguumae, Shibuya-ku, Tokyo, JPN, 150-0001

Website

https://www.inforich.net

Inforich Inc is engaged in the operation of ChargeSPOT, a mobile battery sharing service sales and operation of signage advertising associated with ChargeSPOT.

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