RYDE (Ryde Group) Days Inventory : 0.00 (As of Dec. 2023)

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What is Ryde Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ryde Group's Average Total Inventories for the six months ended in Dec. 2023 was $0.00 Mil. Ryde Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $2.36 Mil. Hence, Ryde Group's Days Inventory for the six months ended in Dec. 2023 was 0.00.

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

RYDE's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 18.635
* Ranked among companies with meaningful Days Inventory only.

Ryde Group's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (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. Ryde Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Ryde Group Days Inventory Historical Data

The historical data trend for Ryde 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.

Ryde Group Days Inventory Chart

Ryde Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

Ryde Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	-	-	-	-

Competitive Comparison of Ryde Group's Days Inventory

For the Software - Application subindustry, Ryde 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.

Ryde Group's Days Inventory Distribution in the Software Industry

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

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

Ryde Group Days Inventory Calculation

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

Ryde 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	+	0)	/	1 )	/	5.114	*	365
=	0					/	5.114	*	365
=	0.00

Ryde 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	+	0)	/	1 )	/	2.361	*	365 / 2
=	0					/	2.361	*	365 / 2
=	0.00

Ryde Group (AMEX:RYDE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.361	/	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	2.579
	=	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.

Ryde Group Days Inventory Related Terms

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Ryde Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

D0S:Germany

Address

No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352

Website

https://www.rydesharing.com

Ryde Group Ltd is a company providing an super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operate in following segments such as being mobility where they provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and quick commerce where they provide on-demand, scheduled, and multi-stop parcel delivery services.

Ryde Group Headlines

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