Guardforce AI Co (Guardforce AI Co) Days Inventory : 14.88 (As of Dec. 2023)

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What is Guardforce AI Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Guardforce AI Co's Average Total Inventories for the six months ended in Dec. 2023 was $1.22 Mil. Guardforce AI Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $14.95 Mil. Hence, Guardforce AI Co's Days Inventory for the six months ended in Dec. 2023 was 14.88.

The historical rank and industry rank for Guardforce AI Co's Days Inventory or its related term are showing as below:

GFAI' s Days Inventory Range Over the Past 10 Years
Min: 1.7 Med: 12.34 Max: 40.67
Current: 30.33

During the past 5 years, Guardforce AI Co's highest Days Inventory was 40.67. The lowest was 1.70. And the median was 12.34.

GFAI's Days Inventory is ranked worse than
50.52% of 679 companies
in the Business Services industry
Industry Median: 29.67 vs GFAI: 30.33

Guardforce AI Co's Days Inventory declined from Dec. 2022 (85.12) to Dec. 2023 (14.88).

Inventory Turnover measures how fast the company turns over its inventory within a year. Guardforce AI Co's Inventory Turnover for the six months ended in Dec. 2023 was 12.26.

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. Guardforce AI Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.07.

Guardforce AI Co Days Inventory Historical Data

The historical data trend for Guardforce AI Co'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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Guardforce AI Co Days Inventory Chart

Guardforce AI Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

1.70

4.59

12.34

40.67

34.92

Guardforce AI Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial				25.48	63.18	85.12	40.36	14.88

Competitive Comparison of Guardforce AI Co's Days Inventory

For the Security & Protection Services subindustry, Guardforce AI Co'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.

Guardforce AI Co's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Guardforce AI Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Guardforce AI Co's Days Inventory falls into.

Guardforce AI Co Days Inventory Calculation

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

Guardforce AI Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (5.261	+	0.65)	/	2 )	/	30.89	*	365
=	2.9555					/	30.89	*	365
=	34.92

Guardforce AI Co'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.788	+	0.65)	/	2 )	/	14.95	*	365 / 2
=	1.219					/	14.95	*	365 / 2
=	14.88

Guardforce AI Co (NAS:GFAI) 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.

Guardforce AI Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.95	/	1.219
	=	12.26

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.

Guardforce AI Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.219	/	17.867
	=	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.

Guardforce AI Co Days Inventory Related Terms

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

Guardforce AI Co (Guardforce AI Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Guardforce AI Co Ltd (NAS:GFAI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Anson Road, No. 28-01, International Plaza, Singapore, SGP, 079903

Website

https://www.guardforceai.com

Guardforce AI Co Ltd is a provider of cash solutions and cash handling services located in Thailand. The company engages in the cash logistics business, and its services include cash-in-transit, or CIT, dedicated vehicles to banks, ATM management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions (cash deposit management and express cash service). Its customers include local commercial banks, chain retailers, coin-manufacturing mints, and government authorities.