Axel Mark (TSE:3624) Days Inventory : 7.92 (As of Dec. 2023)

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What is Axel Mark Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Axel Mark's Average Total Inventories for the three months ended in Dec. 2023 was 円43 Mil. Axel Mark's Cost of Goods Sold for the three months ended in Dec. 2023 was 円491 Mil. Hence, Axel Mark's Days Inventory for the three months ended in Dec. 2023 was 7.92.

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

TSE:3624' s Days Inventory Range Over the Past 10 Years
Min: 0.39 Med: 2.19 Max: 9.82
Current: 3.74

During the past 13 years, Axel Mark's highest Days Inventory was 9.82. The lowest was 0.39. And the median was 2.19.

TSE:3624's Days Inventory is ranked better than
74.69% of 241 companies
in the Interactive Media industry
Industry Median: 17.6 vs TSE:3624: 3.74

Axel Mark's Days Inventory increased from Dec. 2022 (0.68) to Dec. 2023 (7.92). It might indicate that Axel Mark's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Axel Mark's Inventory Turnover for the three months ended in Dec. 2023 was 11.52.

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. Axel Mark's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.08.

Axel Mark Days Inventory Historical Data

The historical data trend for Axel Mark'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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Axel Mark Days Inventory Chart

Axel Mark Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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0.69

0.39

0.42

0.68

3.68

Axel Mark 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															0.68	0.76	0.80	3.65	7.92

Competitive Comparison of Axel Mark's Days Inventory

For the Internet Content & Information subindustry, Axel Mark'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.

Axel Mark's Days Inventory Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Axel Mark's Days Inventory distribution charts can be found below:

* The bar in red indicates where Axel Mark's Days Inventory falls into.

Axel Mark Days Inventory Calculation

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

Axel Mark'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
=	( (3.882	+	34.873)	/	2 )	/	1923.245	*	365
=	19.3775					/	1923.245	*	365
=	3.68

Axel Mark'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
=	( (34.873	+	50.295)	/	2 )	/	490.607	*	365 / 4
=	42.584					/	490.607	*	365 / 4
=	7.92

Axel Mark (TSE:3624) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	490.607	/	42.584
	=	11.52

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	42.584	/	558.29
	=	0.08

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.

Axel Mark Days Inventory Related Terms

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

Axel Mark (TSE:3624) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Axel Mark Inc (TSE:3624) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-32-2 Honcho, Harmony Tower, 17th Floor, Nakano-ku, Tokyo, JPN, 164-0012

Website

http://www.axelmark.co.jp

Axel Mark Inc is a Japan-based company mainly engaged in the planning, production, development, and operation of the online games. It operates in three business divisions including Game business that provides games to consumers through platforms such as App Store, Google Play and others. Advertising business offers advertising network service that sells advertising space in the network to advertisers, and Experience business offers costume production service, online lottery service, celebrity support app, and uniform remake service.

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