Days Inventory is also known as Days Sales of Inventory (DSI). Comms Group's Average Total Inventories for the
six
months ended in Dec. 2023 was A$0.00 Mil. Comms Group's Cost of Goods Sold for the
six
months ended in Dec. 2023 was A$9.30 Mil.
Hence, Comms Group's Days Inventory for the
six
months ended in Dec. 2023 was 0.00.
The historical rank and industry rank for Comms Group's Days Inventory or its related term are showing as below:
ASX:CCG'
s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.6
Current: 2.6
During the past 6 years, Comms Group's highest Days Inventory was 2.60. The lowest was 0.00. And the median was 0.00.
ASX:CCG's Days Inventory is ranked better than 78.72% of 1560
companies
in the Software industry
Industry Median: 18.89
vs ASX:CCG: 2.60
Comms Group's Days Inventory
declined
from Dec. 2022 (2.18) to Dec. 2023 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
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.
Comms Group's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.00.
Comms Group Days Inventory Historical Data
The historical data trend for Comms Group'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.
Competitive Comparison of Comms Group's Days Inventory
For the Information Technology Services subindustry, Comms Group'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.
Comms Group's Days Inventory Distribution in the Software Industry
For the Software industry and Technology sector, Comms Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Comms Group's Days Inventory falls into.
Comms Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Comms Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Comms Group (ASX:CCG) 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.
Comms Group's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
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.
Comms Group's Inventory to Revenue for the
six
months ended in Dec. 2023 is calculated as
* 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.
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.
Comms Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Comms Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Comms Group Ltd is an information and communication technology (ICT) business, providing a comprehensive vendor-agnostic ICT managed service. The company's segment includes Global; SME and ICT. It generates revenue from Voice; Data and Managed service. Geographically, It derives revenue from Australia. The company's product categories include Connect; Collaborate and Manage. The company generates the majority of its revenue from the SME segment.
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