Softchoice (TSX:SFTC) Days Inventory

: 0.25 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Softchoice's Average Total Inventories for the three months ended in Dec. 2023 was C$0 Mil. Softchoice's Cost of Goods Sold for the three months ended in Dec. 2023 was C$175 Mil. Hence, Softchoice's Days Inventory for the three months ended in Dec. 2023 was 0.25.

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

TSX:SFTC' s Days Inventory Range Over the Past 10 Years
Min: 0.13 Med: 0.44 Max: 2.77
Current: 0.25

During the past 13 years, Softchoice's highest Days Inventory was 2.77. The lowest was 0.13. And the median was 0.44.

TSX:SFTC's Days Inventory is ranked better than
95.27% of 1566 companies
in the Software industry
Industry Median: 19.53 vs TSX:SFTC: 0.25

Softchoice's Days Inventory declined from Dec. 2022 (0.82) to Dec. 2023 (0.25).

Inventory Turnover measures how fast the company turns over its inventory within a year. Softchoice's Inventory Turnover for the three months ended in Dec. 2023 was 368.40.

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

Softchoice Days Inventory Historical Data

The historical data trend for Softchoice'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.

Softchoice Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec20

Dec21

Dec22

Dec23

Days Inventory

2.77

1.23

0.45

0.26

0.38

Softchoice Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																0.82	0.28	0.19	0.13	0.25

Competitive Comparison

For the Information Technology Services subindustry, Softchoice'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.

Softchoice Days Inventory Distribution

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

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

Softchoice Days Inventory Calculation

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

Softchoice'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
=	( (0.632	+	0.733)	/	2 )	/	662.376	*	365
=	0.6825					/	662.376	*	365
=	0.38

Softchoice'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
=	( (0.218	+	0.733)	/	2 )	/	175.173	*	365 / 4
=	0.4755					/	175.173	*	365 / 4
=	0.25

Softchoice (TSX:SFTC) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	175.173	/	0.4755
	=	368.40

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.4755	/	292.308
	=	0.00

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.

Softchoice Days Inventory Related Terms

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

Softchoice (TSX:SFTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Softchoice Corp (TSX:SFTC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SFTCF:USA

Address

173 Dufferin Street, Suite 200, Toronto, ON, CAN, M6K 3H7

Website

https://www.softchoice.com

Softchoice Corp is a technology service and solutions provider that equips organizations to be agile for their people to be engaged, connected and creative at work. The company designs, procures, implements and manages complex multi-vendor IT solutions that enable customers' digital transformations using a results-oriented engagement model that drives long-term relationships.

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