Tier1 Technology (XMAD:TR1) Days Inventory : 4.33 (As of Jun. 2023)

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What is Tier1 Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tier1 Technology's Average Total Inventories for the six months ended in Jun. 2023 was €0.17 Mil. Tier1 Technology's Cost of Goods Sold for the six months ended in Jun. 2023 was €7.20 Mil. Hence, Tier1 Technology's Days Inventory for the six months ended in Jun. 2023 was 4.33.

The historical rank and industry rank for Tier1 Technology's Days Inventory or its related term are showing as below:

XMAD:TR1' s Days Inventory Range Over the Past 10 Years
Min: 0.35 Med: 0.59 Max: 8.66
Current: 8.66

During the past 7 years, Tier1 Technology's highest Days Inventory was 8.66. The lowest was 0.35. And the median was 0.59.

XMAD:TR1's Days Inventory is ranked better than
62.55% of 1562 companies
in the Software industry
Industry Median: 19.44 vs XMAD:TR1: 8.66

Tier1 Technology's Days Inventory increased from Dec. 2021 (1.72) to Jun. 2023 (4.33). It might indicate that Tier1 Technology's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tier1 Technology's Inventory Turnover for the six months ended in Jun. 2023 was 42.13.

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. Tier1 Technology's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.02.

Tier1 Technology Days Inventory Historical Data

The historical data trend for Tier1 Technology'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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Tier1 Technology Days Inventory Chart

Tier1 Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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0.35

0.54

Tier1 Technology Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Days Inventory	Get a 7-Day Free Trial									-	3.46	1.72	2.36	4.33

Competitive Comparison of Tier1 Technology's Days Inventory

For the Information Technology Services subindustry, Tier1 Technology'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.

Tier1 Technology's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Tier1 Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tier1 Technology's Days Inventory falls into.

Tier1 Technology Days Inventory Calculation

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

Tier1 Technology's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0	+	0.017)	/	1 )	/	11.501	*	365
=	0.017					/	11.501	*	365
=	0.54

Tier1 Technology'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: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.128	+	0.214)	/	2 )	/	7.204	*	365 / 2
=	0.171					/	7.204	*	365 / 2
=	4.33

Tier1 Technology (XMAD:TR1) 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.

Tier1 Technology's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.204	/	0.171
	=	42.13

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.

Tier1 Technology's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.171	/	10.852
	=	0.02

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.

Tier1 Technology Days Inventory Related Terms

Thank you for viewing the detailed overview of Tier1 Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Tier1 Technology (XMAD:TR1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tier1 Technology SA (XMAD:TR1) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

V78:Germany

Address

C / Boabdil 6, Beds, Edificio Vega 7, Seville, ESP, 41900

Website

https://www.tier1.es

Tier1 Technology SA provides computer services. It is focused on the development of its software products. Tier1 builds IT solutions for business processes such as purchasing, sales, finance, logistics, asset management, and others.

Tier1 Technology (XMAD:TR1) Headlines

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