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accesso Technology Group (accesso Technology Group) Days Inventory : 8.66 (As of Dec. 2023)


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What is accesso Technology Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). accesso Technology Group's Average Total Inventories for the six months ended in Dec. 2023 was $0.8 Mil. accesso Technology Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $17.8 Mil. Hence, accesso Technology Group's Days Inventory for the six months ended in Dec. 2023 was 8.66.

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

LOQPF' s Days Inventory Range Over the Past 10 Years
Min: 3.14   Med: 6.98   Max: 41.17
Current: 7.62

During the past 13 years, accesso Technology Group's highest Days Inventory was 41.17. The lowest was 3.14. And the median was 6.98.

LOQPF's Days Inventory is ranked better than
65.43% of 1562 companies
in the Software industry
Industry Median: 19.48 vs LOQPF: 7.62

accesso Technology Group's Days Inventory increased from Dec. 2022 (4.42) to Dec. 2023 (8.66). It might indicate that accesso Technology Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. accesso Technology Group's Inventory Turnover for the six months ended in Dec. 2023 was 21.07.

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. accesso Technology Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.


accesso Technology Group Days Inventory Historical Data

The historical data trend for accesso Technology 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.

* Premium members only.

accesso Technology Group Days Inventory Chart

accesso Technology Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.07 40.80 14.22 4.01 8.35

accesso Technology Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.03 3.88 4.42 5.62 8.66

Competitive Comparison of accesso Technology Group's Days Inventory

For the Software - Application subindustry, accesso Technology 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.


accesso Technology Group's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where accesso Technology Group's Days Inventory falls into.



accesso Technology Group Days Inventory Calculation

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

accesso Technology Group'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
=( (0.499 + 1.115) / 2 ) / 35.268*365
=0.807 / 35.268*365
=8.35

accesso Technology Group'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
=( (0.576 + 1.115) / 2 ) / 17.811*365 / 2
=0.8455 / 17.811*365 / 2
=8.66

* 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.


accesso Technology Group  (OTCPK:LOQPF) 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.

accesso Technology 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.

accesso Technology 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.


accesso Technology Group Days Inventory Related Terms

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


accesso Technology Group (accesso Technology Group) Business Description

Traded in Other Exchanges
Address
Unit 5, The Pavilions, Ruscombe Park, Twyford, GBR, RG10 9NN
accesso Technology Group PLC is a software company engaged in the development and application of ticketing, mobile, and eCommerce technologies,s, licensing, and operation of virtual queuing solutions s and providing a personalized experience to customers within the attractions and leisure industry. It operates in Ticketing and Distribution segment. Its solutions are accesso LoQueue, accesso Passport, accesso Siriuswarem, and accesso ShoWare, which provide solutions for ticketing & admissions, gift cards, kiosks, and eCommerce, box office, call center, and social media sales, food and beverage, retail, eCommerce via kiosk or mobile. It has a presence in the UK, other Europe, Australia, the USA, and Canada which drives key revenue, in Central and South America.