QLS Holdings Co (NGO:7075) Days Inventory : 0.03 (As of Sep. 2023)

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What is QLS Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). QLS Holdings Co's Average Total Inventories for the three months ended in Sep. 2023 was 円1 Mil. QLS Holdings Co's Cost of Goods Sold for the three months ended in Sep. 2023 was 円3,229 Mil. Hence, QLS Holdings Co's Days Inventory for the three months ended in Sep. 2023 was 0.03.

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

NGO:7075' s Days Inventory Range Over the Past 10 Years
Min: 0.07 Med: 0.22 Max: 0.63
Current: 0.07

During the past 5 years, QLS Holdings Co's highest Days Inventory was 0.63. The lowest was 0.07. And the median was 0.22.

NGO:7075's Days Inventory is ranked better than
98.98% of 683 companies
in the Business Services industry
Industry Median: 28.18 vs NGO:7075: 0.07

QLS Holdings Co's Days Inventory declined from Sep. 2021 (0.12) to Sep. 2023 (0.03).

Inventory Turnover measures how fast the company turns over its inventory within a year. QLS Holdings Co's Inventory Turnover for the three months ended in Sep. 2023 was 2,760.09.

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. QLS Holdings Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.00.

QLS Holdings Co Days Inventory Historical Data

The historical data trend for QLS Holdings Co'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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QLS Holdings Co Days Inventory Chart

QLS Holdings Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

0.63

0.17

0.30

0.22

0.07

QLS Holdings Co Quarterly Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial					0.12	0.04	0.04	0.04	0.03

Competitive Comparison of QLS Holdings Co's Days Inventory

For the Consulting Services subindustry, QLS Holdings Co'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.

QLS Holdings Co's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, QLS Holdings Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where QLS Holdings Co's Days Inventory falls into.

QLS Holdings Co Days Inventory Calculation

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

QLS Holdings Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1.17	+	1.17)	/	2 )	/	5782.594	*	365
=	1.17					/	5782.594	*	365
=	0.07

QLS Holdings Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.17	+	1.17)	/	2 )	/	3229.302	*	365 / 4
=	1.17					/	3229.302	*	365 / 4
=	0.03

QLS Holdings Co (NGO:7075) 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.

QLS Holdings Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3229.302	/	1.17
	=	2,760.09

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.

QLS Holdings Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.17	/	3829.084
	=	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.

QLS Holdings Co Days Inventory Related Terms

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

QLS Holdings Co (NGO:7075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » QLS Holdings Co Ltd (NGO:7075) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-5 Namba Naka, 3rd floor, Namba Muromachi Building, Naniwa-ku, Osaka- shi, Osaka, JPN, 545-0053

Website

https://www.qlshd.co.jp

QLS Holdings Co Ltd is a Japanese based company engaged in the control and management of the business activities of a stock company.

QLS Holdings Co (NGO:7075) Headlines

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