Days Inventory is also known as Days Sales of Inventory (DSI). Aspen Technology's Average Total Inventories for the
three
months ended in Dec. 2023 was $0 Mil. Aspen Technology's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $95 Mil.
Hence, Aspen Technology's Days Inventory for the
three
months ended in Dec. 2023 was 0.00.
The historical rank and industry rank for Aspen Technology's Days Inventory or its related term are showing as below:
AZPN's Days Inventory is not ranked *
in the Software industry.
Industry Median: 19.61 * Ranked among companies with meaningful Days Inventory only.
Aspen Technology's Days Inventory
stayed the same
from Dec. 2022 (0.00) to Dec. 2023 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
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.
Aspen Technology's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.00.
Aspen Technology Days Inventory Historical Data
The historical data trend for Aspen 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.
Competitive Comparison of Aspen Technology's Days Inventory
For the Software - Application subindustry, Aspen 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.
Aspen Technology's Days Inventory Distribution in the Software Industry
For the Software industry and Technology sector, Aspen Technology's Days Inventory distribution charts can be found below:
* The bar in red indicates where Aspen Technology's Days Inventory falls into.
Aspen Technology Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Aspen Technology's Days Inventory for the fiscal year that ended in Jun. 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.
Aspen Technology (NAS:AZPN) 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.
Aspen Technology'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.
Aspen Technology'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.
Aspen Technology Days Inventory Related Terms
Thank you for viewing the detailed overview of Aspen Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Aspen Technology (Aspen Technology) Business Description
Aspen Technology is a global leader in asset optimization software, enabling customers within capital-intensive industries to design, operate and maintain their functions to meet their profitability, safety, and sustainability goals. The heritage business of AspenTech was founded in 1981 and provides software solutions purposed to optimize engineering, manufacturing, and supply chain and asset management functions. In 2021, Emerson Electric traded over $6 billion in cash and its Open Systems International (digital grid management) and subsurface science and engineering businesses for 55% of AspenTech's shares. The new AspenTech is the combination of heritage Aspen, OSI, and SSE and serves more than 3,000 customers across 40 countries.
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