Thinca Co (TSE:149A) Days Inventory : 55.76 (As of Dec. 2023)

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What is Thinca Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Thinca Co's Average Total Inventories for the three months ended in Dec. 2023 was 円26.6 Mil. Thinca Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円43.5 Mil. Hence, Thinca Co's Days Inventory for the three months ended in Dec. 2023 was 55.76.

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

TSE:149A' s Days Inventory Range Over the Past 10 Years
Min: 35.13 Med: 39.18 Max: 198.87
Current: 198.87

During the past 3 years, Thinca Co's highest Days Inventory was 198.87. The lowest was 35.13. And the median was 39.18.

TSE:149A's Days Inventory is ranked worse than
91.12% of 1565 companies
in the Software industry
Industry Median: 19.61 vs TSE:149A: 198.87

Thinca Co's Days Inventory increased from . 20 (0.00) to Dec. 2023 (55.76). It might indicate that Thinca Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Thinca Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.64.

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. Thinca Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.10.

Thinca Co Days Inventory Historical Data

The historical data trend for Thinca 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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Thinca Co Days Inventory Chart

Thinca Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

39.18

35.13

44.99

Thinca Co Quarterly Data
	Dec21	Dec22	Sep23	Dec23
Days Inventory	-	-	-	55.76

Competitive Comparison of Thinca Co's Days Inventory

For the Software - Application subindustry, Thinca 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.

Thinca Co's Days Inventory Distribution in the Software Industry

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

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

Thinca Co Days Inventory Calculation

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

Thinca 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
=	( (17.944	+	24.61)	/	2 )	/	172.603	*	365
=	21.277					/	172.603	*	365
=	44.99

Thinca Co'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (28.565	+	24.61)	/	2 )	/	43.509	*	365 / 4
=	26.5875					/	43.509	*	365 / 4
=	55.76

Thinca Co (TSE:149A) 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.

Thinca Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	43.509	/	26.5875
	=	1.64

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.

Thinca Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.5875	/	261.986
	=	0.10

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.

Thinca Co Days Inventory Related Terms

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

Thinca Co (TSE:149A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinca Co Ltd (TSE:149A) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3 Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

Thinca Co Ltd is engaged in development and distribution of communication platform "KAICLOUD", and other related business.

Thinca Co (TSE:149A) Headlines

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