International Research PCL (BKK:IRCP-R) Days Inventory : 25.40 (As of Dec. 2023)

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What is International Research PCL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). International Research PCL's Average Total Inventories for the three months ended in Dec. 2023 was ฿78 Mil. International Research PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿281 Mil. Hence, International Research PCL's Days Inventory for the three months ended in Dec. 2023 was 25.40.

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

BKK:IRCP-R' s Days Inventory Range Over the Past 10 Years
Min: 15.64 Med: 32.89 Max: 56.75
Current: 25.26

During the past 13 years, International Research PCL's highest Days Inventory was 56.75. The lowest was 15.64. And the median was 32.89.

BKK:IRCP-R's Days Inventory is ranked worse than
55.02% of 1565 companies
in the Software industry
Industry Median: 19.61 vs BKK:IRCP-R: 25.26

International Research PCL's Days Inventory increased from Dec. 2022 (21.05) to Dec. 2023 (25.40). It might indicate that International Research PCL's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. International Research PCL's Inventory Turnover for the three months ended in Dec. 2023 was 3.59.

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. International Research PCL's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.24.

International Research PCL Days Inventory Historical Data

The historical data trend for International Research PCL'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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International Research PCL Days Inventory Chart

International Research PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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32.03

25.07

33.74

18.60

23.25

International Research PCL 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															21.05	28.55	27.72	23.34	25.40

Competitive Comparison of International Research PCL's Days Inventory

For the Information Technology Services subindustry, International Research PCL'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.

International Research PCL's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where International Research PCL's Days Inventory falls into.

International Research PCL Days Inventory Calculation

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

International Research PCL's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (56.918	+	63.241)	/	2 )	/	943.279	*	365
=	60.0795					/	943.279	*	365
=	23.25

International Research PCL'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
=	( (93.21	+	63.241)	/	2 )	/	280.986	*	365 / 4
=	78.2255					/	280.986	*	365 / 4
=	25.40

International Research PCL (BKK:IRCP-R) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	280.986	/	78.2255
	=	3.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	78.2255	/	327.374
	=	0.24

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.

International Research PCL Days Inventory Related Terms

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

International Research PCL (BKK:IRCP-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » International Research Corp PCL (BKK:IRCP-R) » Definitions » Days Inventory

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IRCP:Thailand

Address

Ratchadapisek Road, 7th Floor, 199 Column Tower, Khlong Toei Subdistrict, Khlong Toei District, Bangkok, THA, 10110

Website

https://www.ircp.co.th

International Research Corp PCL is engaged in distribution and rendering system development services of information technology system, network information system, and telecommunication information system. The company operates in two reportable segments: Project business segment and Non-project business segment. The company and its subsidiaries operate in Thailand only.

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