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Bingo Software Co (SHSE:688227) Days Inventory : 742.43 (As of Mar. 2024)


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What is Bingo Software Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bingo Software Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥293.7 Mil. Bingo Software Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥36.1 Mil. Hence, Bingo Software Co's Days Inventory for the three months ended in Mar. 2024 was 742.43.

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

SHSE:688227' s Days Inventory Range Over the Past 10 Years
Min: 133.4   Med: 256.22   Max: 548.05
Current: 309.78

During the past 7 years, Bingo Software Co's highest Days Inventory was 548.05. The lowest was 133.40. And the median was 256.22.

SHSE:688227's Days Inventory is ranked worse than
95.39% of 1561 companies
in the Software industry
Industry Median: 19.46 vs SHSE:688227: 309.78

Bingo Software Co's Days Inventory increased from Mar. 2023 (715.13) to Mar. 2024 (742.43). It might indicate that Bingo Software Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bingo Software Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.12.

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. Bingo Software Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 5.05.


Bingo Software Co Days Inventory Historical Data

The historical data trend for Bingo Software 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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Bingo Software Co Days Inventory Chart

Bingo Software Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 168.57 133.40 259.01 256.22 274.62

Bingo Software Co Quarterly Data
Mar19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 715.13 450.70 641.15 136.84 742.43

Competitive Comparison of Bingo Software Co's Days Inventory

For the Software - Infrastructure subindustry, Bingo Software 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.


Bingo Software Co's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where Bingo Software Co's Days Inventory falls into.



Bingo Software Co Days Inventory Calculation

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

Bingo Software Co'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
=( (220.632 + 285.263) / 2 ) / 336.192*365
=252.9475 / 336.192*365
=274.62

Bingo Software Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (285.263 + 302.236) / 2 ) / 36.104*365 / 4
=293.7495 / 36.104*365 / 4
=742.43

* 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.


Bingo Software Co  (SHSE:688227) 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.

Bingo Software Co's Inventory Turnover for the three months ended in Mar. 2024 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.

Bingo Software Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


Bingo Software Co Days Inventory Related Terms

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


Bingo Software Co (SHSE:688227) Business Description

Traded in Other Exchanges
N/A
Address
No. 17, Software Road, Building G1, Gaotang Software Industry Base, Tianhe District, Guangdong Province, Guangzhou, CHN, 510663
Bingo Software Co Ltd is a cloud computing and industry information service provider. It holds cloud computing-centric basic products such as BingoCloudOS, BingoFuse, BingoInsight, BingoLink and others. The types of products and services include cloud product sales, cloud leasing services, cloud solutions and industry information services.

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