Optim (TSE:3694) Days Inventory : 18.24 (As of Dec. 2023)

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What is Optim Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Optim's Average Total Inventories for the three months ended in Dec. 2023 was 円270 Mil. Optim's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,349 Mil. Hence, Optim's Days Inventory for the three months ended in Dec. 2023 was 18.24.

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

TSE:3694' s Days Inventory Range Over the Past 10 Years
Min: 0.27 Med: 6.22 Max: 16.34
Current: 10.96

During the past 11 years, Optim's highest Days Inventory was 16.34. The lowest was 0.27. And the median was 6.22.

TSE:3694's Days Inventory is ranked better than
59.06% of 1561 companies
in the Software industry
Industry Median: 19.5 vs TSE:3694: 10.96

Optim's Days Inventory increased from Dec. 2022 (15.62) to Dec. 2023 (18.24). It might indicate that Optim's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Optim's Inventory Turnover for the three months ended in Dec. 2023 was 5.00.

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. Optim's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.10.

Optim Days Inventory Historical Data

The historical data trend for Optim'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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Optim Days Inventory Chart

Optim Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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4.90

8.54

9.56

6.09

4.15

Optim Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															9.11	8.81	9.75	18.24	12.48

Competitive Comparison of Optim's Days Inventory

For the Software - Infrastructure subindustry, Optim'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.

Optim's Days Inventory Distribution in the Software Industry

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

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

Optim Days Inventory Calculation

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

Optim's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (59.544	+	58.743)	/	2 )	/	5196.168	*	365
=	59.1435					/	5196.168	*	365
=	4.15

Optim'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
=	( (137.582	+	401.533)	/	2 )	/	1348.746	*	365 / 4
=	269.5575					/	1348.746	*	365 / 4
=	18.24

Optim (TSE:3694) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1348.746	/	269.5575
	=	5.00

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	269.5575	/	2671.44
	=	0.10

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.

Optim Days Inventory Related Terms

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

Optim (TSE:3694) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Optim Corp (TSE:3694) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Atago Green Hills MORI Tower 19F, 2-5-1, Atago, Minato-ku, Tokyo, JPN, 105-6219

Website

https://en.optim.co.jp

Optim Corp is engaged in the business of license sales and maintenance support service. The company offers IoT platform service, remote management service, support service, and other unique services. It provides services like sharing the screen of smartphones and tablet, repairing service for internet and smartphone, and provision of e-books, digital magazines and software packages.

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