Enjin Co (TSE:7370) Days Inventory : 6.66 (As of Feb. 2024)

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What is Enjin Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Enjin Co's Average Total Inventories for the three months ended in Feb. 2024 was 円8 Mil. Enjin Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円108 Mil. Hence, Enjin Co's Days Inventory for the three months ended in Feb. 2024 was 6.66.

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

TSE:7370' s Days Inventory Range Over the Past 10 Years
Min: 4.95 Med: 6.49 Max: 7.54
Current: 5.6

During the past 5 years, Enjin Co's highest Days Inventory was 7.54. The lowest was 4.95. And the median was 6.49.

TSE:7370's Days Inventory is ranked better than
79.67% of 659 companies
in the Media - Diversified industry
Industry Median: 25.44 vs TSE:7370: 5.60

Enjin Co's Days Inventory declined from Feb. 2023 (9.65) to Feb. 2024 (6.66).

Inventory Turnover measures how fast the company turns over its inventory within a year. Enjin Co's Inventory Turnover for the three months ended in Feb. 2024 was 13.69.

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. Enjin Co's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.01.

Enjin Co Days Inventory Historical Data

The historical data trend for Enjin 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.

Enjin Co Days Inventory Chart

Enjin Co Annual Data

Trend

May19

May20

May21

May22

May23

Days Inventory

4.95

5.96

6.49

7.54

6.59

Enjin Co Quarterly Data
	May19	May20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial										9.65	5.46	4.31	4.85	6.66

Competitive Comparison of Enjin Co's Days Inventory

For the Advertising Agencies subindustry, Enjin 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.

Enjin Co's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Enjin Co's Days Inventory distribution charts can be found below:

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

Enjin Co Days Inventory Calculation

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

Enjin 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
=	( (13.429	+	7.892)	/	2 )	/	590.193	*	365
=	10.6605					/	590.193	*	365
=	6.59

Enjin 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
=	( (5.907	+	9.809)	/	2 )	/	107.602	*	365 / 4
=	7.858					/	107.602	*	365 / 4
=	6.66

Enjin Co (TSE:7370) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	107.602	/	7.858
	=	13.69

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.858	/	674.346
	=	0.01

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.

Enjin Co Days Inventory Related Terms

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

Enjin Co (TSE:7370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Enjin Co Ltd (TSE:7370) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11-4 Umeda, 9th Floor, Osaka Ekimae Dai-Yon Building, Osaka-shi Kita-ku, Qsaka, JPN, 530-0001

Website

https://www.y-enjin.co.jp

Enjin Co Ltd is engaged in providing PR support service for enterprises, executives and medical institutions, doctors, and managing the matching platform.

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