COSOL (ASX:COS) Days Inventory : 0.40 (As of Dec. 2023)

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What is COSOL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). COSOL's Average Total Inventories for the six months ended in Dec. 2023 was A$0.07 Mil. COSOL's Cost of Goods Sold for the six months ended in Dec. 2023 was A$33.01 Mil. Hence, COSOL's Days Inventory for the six months ended in Dec. 2023 was 0.40.

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

ASX:COS' s Days Inventory Range Over the Past 10 Years
Min: 0.41 Med: 1.68 Max: 2.4
Current: 0.41

During the past 4 years, COSOL's highest Days Inventory was 2.40. The lowest was 0.41. And the median was 1.68.

ASX:COS's Days Inventory is ranked better than
93.53% of 1561 companies
in the Software industry
Industry Median: 18.99 vs ASX:COS: 0.41

COSOL's Days Inventory declined from Dec. 2022 (0.85) to Dec. 2023 (0.40).

Inventory Turnover measures how fast the company turns over its inventory within a year. COSOL's Inventory Turnover for the six months ended in Dec. 2023 was 452.19.

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

COSOL Days Inventory Historical Data

The historical data trend for COSOL'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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COSOL Days Inventory Chart

COSOL Annual Data

Trend

Sep19

Jun21

Jun22

Jun23

Days Inventory

2.40

1.68

0.85

COSOL Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			1.73	1.26	0.85	0.49	0.40

Competitive Comparison of COSOL's Days Inventory

For the Information Technology Services subindustry, COSOL'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.

COSOL's Days Inventory Distribution in the Software Industry

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

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

COSOL Days Inventory Calculation

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

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

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.134	+	0.092)	/	2 )	/	48.292	*	365
=	0.113					/	48.292	*	365
=	0.85

COSOL'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.092	+	0.054)	/	2 )	/	33.01	*	365 / 2
=	0.073					/	33.01	*	365 / 2
=	0.40

COSOL (ASX:COS) 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.

COSOL's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33.01	/	0.073
	=	452.19

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.073	/	49.053
	=	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.

COSOL Days Inventory Related Terms

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

COSOL (ASX:COS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » COSOL Ltd (ASX:COS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

490-500 Adelaide Street, Unit 1, Brisbane, QLD, AUS, 4000

Website

https://www.cosol.global

COSOL Ltd operates in the Information Technology(IT) and business services industry and provides EAM(enterprise asset management) related solutions and infrastructure-focused systems. It offers services such as digital business solutions which include business process and strategic reviews, implementation of enterprise resource planning (ERP)/EAM solutions, data migration, and ongoing support services to clients. The company's revenue is generated from EAM/ERP support services; data migration, and legacy data services. Its geographical segment includes COSOL Asia Pacific and COSOL North America. The company derives a majority of its revenue from the Asia Pacific region.

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