CDS Co (NGO:2169) Days Inventory : 19.72 (As of Dec. 2023)

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What is CDS Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CDS Co's Average Total Inventories for the three months ended in Dec. 2023 was 円335 Mil. CDS Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,551 Mil. Hence, CDS Co's Days Inventory for the three months ended in Dec. 2023 was 19.72.

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

NGO:2169' s Days Inventory Range Over the Past 10 Years
Min: 10.32 Med: 13.78 Max: 20.26
Current: 19.26

During the past 13 years, CDS Co's highest Days Inventory was 20.26. The lowest was 10.32. And the median was 13.78.

NGO:2169's Days Inventory is ranked better than
50.54% of 1565 companies
in the Software industry
Industry Median: 19.64 vs NGO:2169: 19.26

CDS Co's Days Inventory declined from Dec. 2022 (20.67) to Dec. 2023 (19.72).

Inventory Turnover measures how fast the company turns over its inventory within a year. CDS Co's Inventory Turnover for the three months ended in Dec. 2023 was 4.63.

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. CDS Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.15.

CDS Co Days Inventory Historical Data

The historical data trend for CDS 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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CDS Co Days Inventory Chart

CDS Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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12.35

16.50

18.03

20.10

20.26

CDS Co 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															20.67	17.54	19.97	19.05	19.72

Competitive Comparison of CDS Co's Days Inventory

For the Software - Application subindustry, CDS 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.

CDS Co's Days Inventory Distribution in the Software Industry

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

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

CDS Co Days Inventory Calculation

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

CDS 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
=	( (381.4	+	342.799)	/	2 )	/	6522.387	*	365
=	362.0995					/	6522.387	*	365
=	20.26

CDS 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (327.567	+	342.799)	/	2 )	/	1550.856	*	365 / 4
=	335.183					/	1550.856	*	365 / 4
=	19.72

CDS Co (NGO:2169) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1550.856	/	335.183
	=	4.63

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	335.183	/	2306.207
	=	0.15

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.

CDS Co Days Inventory Related Terms

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

CDS Co (NGO:2169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CDS Co Ltd (NGO:2169) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

2169:Japan

Address

46 Aza Ichiba Maiki-Cho, Okazaki-shi, JPN, 444-3511

Website

http://www.cds-japan.jp

CDS Co Ltd is engaged in the planning, editing, translation, and publishing of technical publications, building document systems, information processing work including building databases and creating e-learning content, creating tools including 3D-CG animation and electronic catalogs, 3D CAD design, modelling services, and computer software development.

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