Converge Information And Communications Technology Solutions (PHS:CNVRG) Days Inventory : 48.94 (As of Dec. 2023)

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What is Converge Information And Communications Technology Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Converge Information And Communications Technology Solutions's Average Total Inventories for the three months ended in Dec. 2023 was ₱2,028 Mil. Converge Information And Communications Technology Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was ₱3,781 Mil. Hence, Converge Information And Communications Technology Solutions's Days Inventory for the three months ended in Dec. 2023 was 48.94.

The historical rank and industry rank for Converge Information And Communications Technology Solutions's Days Inventory or its related term are showing as below:

PHS:CNVRG' s Days Inventory Range Over the Past 10 Years
Min: 77.36 Med: 93.92 Max: 181.63
Current: 104.92

During the past 6 years, Converge Information And Communications Technology Solutions's highest Days Inventory was 181.63. The lowest was 77.36. And the median was 93.92.

PHS:CNVRG's Days Inventory is ranked worse than
92.57% of 296 companies
in the Telecommunication Services industry
Industry Median: 19.14 vs PHS:CNVRG: 104.92

Converge Information And Communications Technology Solutions's Days Inventory declined from Dec. 2022 (114.84) to Dec. 2023 (48.94).

Inventory Turnover measures how fast the company turns over its inventory within a year. Converge Information And Communications Technology Solutions's Inventory Turnover for the three months ended in Dec. 2023 was 1.86.

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. Converge Information And Communications Technology Solutions's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.22.

Converge Information And Communications Technology Solutions Days Inventory Historical Data

The historical data trend for Converge Information And Communications Technology Solutions'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.

* Premium members only.

Converge Information And Communications Technology Solutions Days Inventory Chart

Converge Information And Communications Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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87.21

77.36

95.81

106.88

92.03

Converge Information And Communications Technology Solutions Quarterly Data
	Dec18	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													114.84	148.20	156.85	99.52	48.94

Competitive Comparison of Converge Information And Communications Technology Solutions's Days Inventory

For the Telecom Services subindustry, Converge Information And Communications Technology Solutions'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.

Converge Information And Communications Technology Solutions's Days Inventory Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Converge Information And Communications Technology Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Converge Information And Communications Technology Solutions's Days Inventory falls into.

Converge Information And Communications Technology Solutions Days Inventory Calculation

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

Converge Information And Communications Technology Solutions'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
=	( (4385.142	+	2024.307)	/	2 )	/	12710.404	*	365
=	3204.7245					/	12710.404	*	365
=	92.03

Converge Information And Communications Technology Solutions'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
=	( (2032.073	+	2024.307)	/	2 )	/	3781.333	*	365 / 4
=	2028.19					/	3781.333	*	365 / 4
=	48.94

Converge Information And Communications Technology Solutions (PHS:CNVRG) 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.

Converge Information And Communications Technology Solutions's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3781.333	/	2028.19
	=	1.86

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.

Converge Information And Communications Technology Solutions's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2028.19	/	9110.938
	=	0.22

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.

Converge Information And Communications Technology Solutions Days Inventory Related Terms

Thank you for viewing the detailed overview of Converge Information And Communications Technology Solutions's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Converge Information And Communications Technology Solutions (PHS:CNVRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Converge Information And Communications Technology Solutions Inc (PHS:CNVRG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009

Website

https://www.convergeict.com

Converge Information And Communications Technology Solutions Inc are engaged in the business of providing Information and communication services and solutions. It provides high-speed fiber optic internet services and other digital consumer-centric services. It operates in two businesses namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business.

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