Tokai Soft Co (TSE:4430) Days Inventory : 2.41 (As of Feb. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Tokai Soft Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tokai Soft Co's Average Total Inventories for the three months ended in Feb. 2024 was 円43 Mil. Tokai Soft Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円1,616 Mil. Hence, Tokai Soft Co's Days Inventory for the three months ended in Feb. 2024 was 2.41.

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

TSE:4430' s Days Inventory Range Over the Past 10 Years
Min: 2.08 Med: 24.91 Max: 32.97
Current: 2.5

During the past 7 years, Tokai Soft Co's highest Days Inventory was 32.97. The lowest was 2.08. And the median was 24.91.

TSE:4430's Days Inventory is ranked better than
79.04% of 1560 companies
in the Software industry
Industry Median: 19.37 vs TSE:4430: 2.50

Tokai Soft Co's Days Inventory declined from Feb. 2023 (3.07) to Feb. 2024 (2.41).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tokai Soft Co's Inventory Turnover for the three months ended in Feb. 2024 was 37.81.

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. Tokai Soft Co's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.02.

Tokai Soft Co Days Inventory Historical Data

The historical data trend for Tokai Soft 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.

Tokai Soft Co Days Inventory Chart

Tokai Soft Co Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

Days Inventory

Get a 7-Day Free Trial

30.20

32.97

32.79

14.89

2.08

Tokai Soft Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial															3.07	2.83	2.10	1.94	2.41

Competitive Comparison of Tokai Soft Co's Days Inventory

For the Software - Infrastructure subindustry, Tokai Soft 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.

Tokai Soft Co's Days Inventory Distribution in the Software Industry

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

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

Tokai Soft Co Days Inventory Calculation

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

Tokai Soft Co's Days Inventory for the fiscal year that ended in May. 2023 is calculated as

	Days Inventory (A: May. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (32.368	+	33.531)	/	2 )	/	5770.699	*	365
=	32.9495					/	5770.699	*	365
=	2.08

Tokai Soft Co's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

	Days Inventory (Q: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (34.103	+	51.359)	/	2 )	/	1615.558	*	365 / 4
=	42.731					/	1615.558	*	365 / 4
=	2.41

Tokai Soft Co (TSE:4430) 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.

Tokai Soft Co's Inventory Turnover for the three months ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1615.558	/	42.731
	=	37.81

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.

Tokai Soft Co's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	42.731	/	2193.79
	=	0.02

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.

Tokai Soft Co Days Inventory Related Terms

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

Tokai Soft Co (TSE:4430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tokai Soft Co Ltd (TSE:4430) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-15-1 Shinmichi Nishi-ku, Nagoya, JPN, 451-0043

Website

http://www.tokai-soft.co.jp

Tokai Soft Co Ltd provides software solutions. The company is engaged in a wide range of businesses as an engineering company that combines technologies for total system construction, network and solution solutions, and support technologies that provide stable operation.

Tokai Soft Co (TSE:4430) Headlines

No Headlines