Clydestone Ghana (XGHA:CLYD) Days Inventory : 75.82 (As of Jun. 2023)

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What is Clydestone Ghana Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Clydestone Ghana's Average Total Inventories for the three months ended in Jun. 2023 was GHS0.50 Mil. Clydestone Ghana's Cost of Goods Sold for the three months ended in Jun. 2023 was GHS0.61 Mil. Hence, Clydestone Ghana's Days Inventory for the three months ended in Jun. 2023 was 75.82.

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

XGHA:CLYD' s Days Inventory Range Over the Past 10 Years
Min: 4.97 Med: 25.85 Max: 77.1
Current: 32.46

During the past 8 years, Clydestone Ghana's highest Days Inventory was 77.10. The lowest was 4.97. And the median was 25.85.

XGHA:CLYD's Days Inventory is ranked worse than
59.83% of 1561 companies
in the Software industry
Industry Median: 19.46 vs XGHA:CLYD: 32.46

Clydestone Ghana's Days Inventory increased from Jun. 2022 (57.50) to Jun. 2023 (75.82). It might indicate that Clydestone Ghana's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Clydestone Ghana's Inventory Turnover for the three months ended in Jun. 2023 was 1.20.

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. Clydestone Ghana's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.98.

Clydestone Ghana Days Inventory Historical Data

The historical data trend for Clydestone Ghana'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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Clydestone Ghana Days Inventory Chart

Clydestone Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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20.73

25.85

51.43

77.10

31.51

Clydestone Ghana Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial															57.50	9.03	-	52.71	75.82

Competitive Comparison of Clydestone Ghana's Days Inventory

For the Information Technology Services subindustry, Clydestone Ghana'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.

Clydestone Ghana's Days Inventory Distribution in the Software Industry

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

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

Clydestone Ghana Days Inventory Calculation

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

Clydestone Ghana's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.38	+	0.519)	/	2 )	/	5.207	*	365
=	0.4495					/	5.207	*	365
=	31.51

Clydestone Ghana's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.627	+	0.38)	/	2 )	/	0.606	*	365 / 4
=	0.5035					/	0.606	*	365 / 4
=	75.82

Clydestone Ghana (XGHA:CLYD) 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.

Clydestone Ghana's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.606	/	0.5035
	=	1.20

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.

Clydestone Ghana's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.5035	/	0.516
	=	0.98

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.

Clydestone Ghana Days Inventory Related Terms

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

Clydestone Ghana (XGHA:CLYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clydestone Ghana PLC (XGHA:CLYD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14 Adebeto Close, P.O. Box CT 1003, North Labone, Accra, GHA

Website

https://www.clydestone.com

Clydestone Ghana Ltd is an information and communications technology company with offices in Ghana, Nigeria, and Kenya. The company has developed cutting-edge solutions in the areas of financial document processing, remittance processing, and transaction switching. The company provides IT solutions in Africa, currently providing Cheque Truncation Systems to Ghana's Banks. Its product list includes G-Switch, G-Secure, Remita, UnionPay, Automated Cheque Clearing, ATM and Cash Processing, Multi-vendor ATM Software, and Multi-factor Authentication.

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