Microlise Group (LSE:SAAS) Days Inventory : 41.32 (As of Dec. 2023)

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What is Microlise Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Microlise Group's Average Total Inventories for the six months ended in Dec. 2023 was £3.34 Mil. Microlise Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £14.76 Mil. Hence, Microlise Group's Days Inventory for the six months ended in Dec. 2023 was 41.32.

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

LSE:SAAS' s Days Inventory Range Over the Past 10 Years
Min: 38.81 Med: 48.98 Max: 56.72
Current: 40.3

During the past 5 years, Microlise Group's highest Days Inventory was 56.72. The lowest was 38.81. And the median was 48.98.

LSE:SAAS's Days Inventory is ranked worse than
63.78% of 1560 companies
in the Software industry
Industry Median: 18.89 vs LSE:SAAS: 40.30

Microlise Group's Days Inventory declined from Dec. 2022 (42.34) to Dec. 2023 (41.32).

Inventory Turnover measures how fast the company turns over its inventory within a year. Microlise Group's Inventory Turnover for the six months ended in Dec. 2023 was 4.42.

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. Microlise Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.09.

Microlise Group Days Inventory Historical Data

The historical data trend for Microlise 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.

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Microlise Group Days Inventory Chart

Microlise Group Annual Data

Trend

Jun19

Jun20

Jun21

Dec22

Dec23

Days Inventory

51.34

56.72

46.61

38.81

Microlise Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			57.80	54.90	42.34	40.73	41.32

Competitive Comparison of Microlise Group's Days Inventory

For the Software - Application subindustry, Microlise 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.

Microlise Group's Days Inventory Distribution in the Software Industry

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

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

Microlise Group Days Inventory Calculation

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

Microlise 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
=	( (2.635	+	3.348)	/	2 )	/	28.132	*	365
=	2.9915					/	28.132	*	365
=	38.81

Microlise 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
=	( (3.335	+	3.348)	/	2 )	/	14.758	*	365 / 2
=	3.3415					/	14.758	*	365 / 2
=	41.32

Microlise Group (LSE:SAAS) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.758	/	3.3415
	=	4.42

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.3415	/	37.829
	=	0.09

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.

Microlise Group Days Inventory Related Terms

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

Microlise Group (LSE:SAAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Microlise Group PLC (LSE:SAAS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

2DI:Germany

Address

Farrington Way, Eastwood, Nottingham, GBR, NG16 3AG

Website

https://www.microlise.com

Microlise Group PLC is a provider of transportation management solutions to enterprise customers. It automates and optimizes critical processes such as scheduling, routing, driver performance monitoring, and resource allocation, while providing valuable, actionable real-time data.