Progrit (TSE:9560) Days Inventory : 5.37 (As of Feb. 2024)

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What is Progrit Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Progrit's Average Total Inventories for the three months ended in Feb. 2024 was 円16 Mil. Progrit's Cost of Goods Sold for the three months ended in Feb. 2024 was 円277 Mil. Hence, Progrit's Days Inventory for the three months ended in Feb. 2024 was 5.37.

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

TSE:9560' s Days Inventory Range Over the Past 10 Years
Min: 6.01 Med: 8.56 Max: 10.56
Current: 6.01

During the past 4 years, Progrit's highest Days Inventory was 10.56. The lowest was 6.01. And the median was 8.56.

TSE:9560's Days Inventory is ranked better than
57.59% of 158 companies
in the Education industry
Industry Median: 8.275 vs TSE:9560: 6.01

Progrit's Days Inventory declined from Feb. 2023 (9.77) to Feb. 2024 (5.37).

Inventory Turnover measures how fast the company turns over its inventory within a year. Progrit's Inventory Turnover for the three months ended in Feb. 2024 was 16.98.

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

Progrit Days Inventory Historical Data

The historical data trend for Progrit'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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Progrit Days Inventory Chart

Progrit Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Days Inventory

7.99

9.12

10.56

7.65

Progrit Quarterly Data
	Aug20	Aug21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial					9.77	7.62	5.34	5.01	5.37

Competitive Comparison of Progrit's Days Inventory

For the Education & Training Services subindustry, Progrit'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.

Progrit's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Progrit's Days Inventory distribution charts can be found below:

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

Progrit Days Inventory Calculation

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

Progrit's Days Inventory for the fiscal year that ended in Aug. 2023 is calculated as

	Days Inventory (A: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (22.121	+	14.856)	/	2 )	/	882.688	*	365
=	18.4885					/	882.688	*	365
=	7.65

Progrit'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
=	( (14.229	+	18.4)	/	2 )	/	277.074	*	365 / 4
=	16.3145					/	277.074	*	365 / 4
=	5.37

Progrit (TSE:9560) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	277.074	/	16.3145
	=	16.98

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.3145	/	1020.542
	=	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.

Progrit Days Inventory Related Terms

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

Progrit (TSE:9560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Progrit Inc (TSE:9560) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-10-1 Yurakucho, Kotsu Kaikan Building 5th Floor, Chiyoda-ku, Tokyo, JPN, 100-0006

Website

https://www.progrit.co.jp

Progrit Inc is engaged in the english coaching services and subscription-based English education services.

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