NTT Data Group (NTT Data Group) Days Inventory : 8.42 (As of Dec. 2023)

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What is NTT Data Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NTT Data Group's Average Total Inventories for the three months ended in Dec. 2023 was $517 Mil. NTT Data Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,602 Mil. Hence, NTT Data Group's Days Inventory for the three months ended in Dec. 2023 was 8.42.

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

NTDTY' s Days Inventory Range Over the Past 10 Years
Min: 2.97 Med: 6.75 Max: 9.47
Current: 9.47

During the past 13 years, NTT Data Group's highest Days Inventory was 9.47. The lowest was 2.97. And the median was 6.75.

NTDTY's Days Inventory is ranked better than
61.34% of 1565 companies
in the Software industry
Industry Median: 19.61 vs NTDTY: 9.47

NTT Data Group's Days Inventory increased from Dec. 2022 (7.98) to Dec. 2023 (8.42). It might indicate that NTT Data Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. NTT Data Group's Inventory Turnover for the three months ended in Dec. 2023 was 10.83.

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. NTT Data Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.07.

NTT Data Group Days Inventory Historical Data

The historical data trend for NTT Data Group'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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NTT Data Group Days Inventory Chart

NTT Data Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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4.27

3.07

2.98

4.01

7.45

NTT Data Group 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															7.98	10.08	9.62	9.42	8.42

Competitive Comparison of NTT Data Group's Days Inventory

For the Information Technology Services subindustry, NTT Data Group'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.

NTT Data Group's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where NTT Data Group's Days Inventory falls into.

NTT Data Group Days Inventory Calculation

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

NTT Data Group's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (214.451	+	570.242)	/	2 )	/	19211.922	*	365
=	392.3465					/	19211.922	*	365
=	7.45

NTT Data Group'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
=	( (532.091	+	502.162)	/	2 )	/	5601.907	*	365 / 4
=	517.1265					/	5601.907	*	365 / 4
=	8.42

NTT Data Group (OTCPK:NTDTY) 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.

NTT Data Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5601.907	/	517.1265
	=	10.83

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.

NTT Data Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	517.1265	/	7623.542
	=	0.07

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.

NTT Data Group Days Inventory Related Terms

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NTT Data Group (NTT Data Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NTT Data Group Corp (OTCPK:NTDTY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

9613:Japan NT5:Germany

Address

Toyosu Center Building, 3-3, Toyosu 3-chome, Koto-ku, Yubinbango, Tokyo, JPN, 135-6033

Website

https://www.nttdata.com

NTT Data Group Corp Formerly NTT Data Corp provides IT services to a wide range of business fields. The company's operations are divided into three segments: global, public and social infrastructure; enterprise and solutions; and financial. Each segment contributes approximately an even proportion of the company's revenue. The services the company provides include system integration by constructing systems tailored to individual customer needs, multiple Internet and computer network-based information and processing services, consulting that evaluates customers' management issues, system support for large-scale systems, and new IT-based business models. The company is based in Japan but has a global presence.