Daily Journal (Daily Journal) Days Inventory : 0.44 (As of Dec. 2023)

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What is Daily Journal Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Daily Journal's Average Total Inventories for the three months ended in Dec. 2023 was $0.07 Mil. Daily Journal's Cost of Goods Sold for the three months ended in Dec. 2023 was $13.40 Mil. Hence, Daily Journal's Days Inventory for the three months ended in Dec. 2023 was 0.44.

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

DJCO' s Days Inventory Range Over the Past 10 Years
Min: 0.33 Med: 0.41 Max: 0.63
Current: 0.5

During the past 13 years, Daily Journal's highest Days Inventory was 0.63. The lowest was 0.33. And the median was 0.41.

DJCO's Days Inventory is ranked better than
92.07% of 1563 companies
in the Software industry
Industry Median: 19.64 vs DJCO: 0.50

Daily Journal's Days Inventory declined from Dec. 2022 (0.56) to Dec. 2023 (0.44).

Inventory Turnover measures how fast the company turns over its inventory within a year. Daily Journal's Inventory Turnover for the three months ended in Dec. 2023 was 206.08.

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. Daily Journal's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Daily Journal Days Inventory Historical Data

The historical data trend for Daily Journal'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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Daily Journal Days Inventory Chart

Daily Journal Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

Get a 7-Day Free Trial

0.39

0.33

0.37

0.43

0.45

Daily Journal 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															0.56	0.70	0.54	0.39	0.44

Competitive Comparison of Daily Journal's Days Inventory

For the Software - Application subindustry, Daily Journal'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.

Daily Journal's Days Inventory Distribution in the Software Industry

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

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

Daily Journal Days Inventory Calculation

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

Daily Journal's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.056	+	0.072)	/	2 )	/	51.697	*	365
=	0.064					/	51.697	*	365
=	0.45

Daily Journal'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
=	( (0.072	+	0.058)	/	2 )	/	13.395	*	365 / 4
=	0.065					/	13.395	*	365 / 4
=	0.44

Daily Journal (NAS:DJCO) 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.

Daily Journal's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.395	/	0.065
	=	206.08

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.

Daily Journal's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.065	/	15.993
	=	0.00

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.

Daily Journal Days Inventory Related Terms

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

Daily Journal (Daily Journal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Daily Journal Corp (NAS:DJCO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DJ1:Germany

Address

915 East First Street, Los Angeles, CA, USA, 90012

Website

https://www.dailyjournal.com

Daily Journal Corp publishes newspapers and websites covering California and Arizona and produces several specialized information services. The company operates in two segments: Traditional business and Journal Technologies. It also serves as a newspaper representative specializing in public notice advertising. The majority of revenue is generated from the Journal Technologies segment.

Executives

Gerald L Salzman	director, officer: Chief Executive Officer	C/O DAILY JOURNAL, 915 E. FIRST STREET, LOS ANGELES CA 90012
Guerin John Patrick Et Al	director, 10 percent owner	355 SOUTH GRAND AVENUE, 34TH FLOOR, LOS ANGELES CA 90071-1560
Mary Conlin	director	P.O. BOX 1516, PACIFIC PALISADES CA 90272
Charles T Munger	director, 10 percent owner, officer: Chairman	355 S GRAND AV, 34TH FL, LOS ANGELES CA 90071
Munger, Marshall & Co., A California Limited Partnership	10 percent owner	355 SOUTH GRAND AVENUE, 34TH FLOOR, LOS ANGELES CA 90071