CLPS (CLPS) Days Inventory : 0.00 (As of Jun. 2024)

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What is CLPS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CLPS's Average Total Inventories for the six months ended in Jun. 2024 was $0.0 Mil. CLPS's Cost of Goods Sold for the six months ended in Jun. 2024 was $53.8 Mil. Hence, CLPS's Days Inventory for the six months ended in Jun. 2024 was 0.00.

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

CLPS's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 19.21
* Ranked among companies with meaningful Days Inventory only.

CLPS's Days Inventory stayed the same from Jun. 2023 (0.00) to Jun. 2024 (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. CLPS's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.00.

CLPS Days Inventory Historical Data

The historical data trend for CLPS'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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CLPS Days Inventory Chart

CLPS Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Inventory

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CLPS Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial												-	-	-	-	-

Competitive Comparison of CLPS's Days Inventory

For the Information Technology Services subindustry, CLPS'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.

CLPS's Days Inventory Distribution in the Software Industry

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

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

CLPS Days Inventory Calculation

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

CLPS's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as

	Days Inventory (A: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	109.866	*	365
=	0					/	109.866	*	365
=	0.00

CLPS's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	53.842	*	365 / 2
=	0					/	53.842	*	365 / 2
=	0.00

CLPS (NAS:CLPS) 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.

CLPS's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	53.842	/	0
	=

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.

CLPS's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	71.039
	=	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.

CLPS Days Inventory Related Terms

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

CLPS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CLPS Inc (NAS:CLPS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Unit 1000, 10th Floor, Millennium City III, 370 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.clpsglobal.com

CLPS Inc is a holding company. The company through its subsidiaries provides information technology consulting and solutions institutions in the banking, insurance, and financial sectors, both in China and globally. Its products are Risk Control Platform, Transaction Acquiring Platform, Debt Collection Platform, Virtual Bank Training Platform, Credit Card System, and other related products. The company generates its revenue from IT consulting services, Customized IT solution services, and others. Generating the majority of its revenue from the IT consulting service.