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System Research Co (TSE:3771) Days Inventory : 0.19 (As of Dec. 2023)


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What is System Research Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). System Research Co's Average Total Inventories for the three months ended in Dec. 2023 was 円9 Mil. System Research Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,528 Mil. Hence, System Research Co's Days Inventory for the three months ended in Dec. 2023 was 0.19.

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

TSE:3771' s Days Inventory Range Over the Past 10 Years
Min: 0.18   Med: 2.77   Max: 4.48
Current: 0.2

During the past 13 years, System Research Co's highest Days Inventory was 4.48. The lowest was 0.18. And the median was 2.77.

TSE:3771's Days Inventory is ranked better than
96.22% of 1562 companies
in the Software industry
Industry Median: 19.48 vs TSE:3771: 0.20

System Research Co's Days Inventory increased from Dec. 2022 (0.18) to Dec. 2023 (0.19). It might indicate that System Research Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. System Research Co's Inventory Turnover for the three months ended in Dec. 2023 was 488.01.

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. System Research Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.


System Research Co Days Inventory Historical Data

The historical data trend for System Research 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.

* Premium members only.

System Research Co Days Inventory Chart

System Research Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.72 2.71 2.65 1.25 0.18

System Research 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.19 0.21 0.21 0.19

Competitive Comparison of System Research Co's Days Inventory

For the Software - Application subindustry, System Research 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.


System Research Co's Days Inventory Distribution in the Software Industry

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

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



System Research Co Days Inventory Calculation

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

System Research Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (7.151 + 9.345) / 2 ) / 16740.363*365
=8.248 / 16740.363*365
=0.18

System Research 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
=( (9.677 + 8.879) / 2 ) / 4527.8*365 / 4
=9.278 / 4527.8*365 / 4
=0.19

* 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.


System Research Co  (TSE:3771) 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.

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

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.

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

* 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.


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.


System Research Co Days Inventory Related Terms

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


System Research Co (TSE:3771) Business Description

Traded in Other Exchanges
N/A
Address
2-12, Iwatsukahon-tori, Nakamura-ku, Nagoya, JPN, 453-0861
System Research Co., Ltd is a software application service provider in Japan. The business of the company includes SI service operations, outsourcing business, web related business, software development work, software product business, and product sales.

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